The Blowups Continue: LMR Shuts Down Two Funds After Bets On Volatility "Backfire"

Mar 28th 2020 11:40am EDT

The Blowups Continue: LMR Shuts Down Two Funds After Bets On Volatility “Backfire” London-based LMR Partners is shutting down two hedge funds in a bid to supposedly focus more on the firm’s main funds. One fund being shut down, the LMR Long Horizon Fund, is being liquidated after “bets on volatility backfired”, according to Bloomberg. […]

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