| 13.01.2012 Jabre’s Global Balanced fund loses 27% in 2011 |
| Benedicte Gravrand, Opalesque Geneva:
One of the hedge funds run by Jabre Capital Partners, a firm in Geneva which manages around $3bn in AuM, lost around a quarter if its capital in 2011, reports Swiss daily Le Temps. The money apparently went in trading losses but also in redemptions. The fund, JabCap Global Balanced, now manages around $628m, says Bloomberg, and NAV dived from $183 on 31s |