UK-based Merrill Lynch Investment Managers is in the process of dissolving its Global Equity Flows Advantage Ltd hedge fund. It is expected to return investments to about 15 principal investors within the coming weeks.
MLIM is not closing the portfolio because of performance reasons or revenue MLIM derived from the portfolio but rather because it does not fit in with the five existing funds the alternative asset arm of the group currently manages.
The fund, launched in May 2000, is up by roughly
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