Hedge Funds

‘World’s cheapest hedge fund’ closes after five years

Co-founders of Devet Capital join the quant team at Gresham Investment Management

‘World’s cheapest hedge fund’ closes after five years
Photo: Getty Images

A London hedge fund that sought to reshape the image of what it takes to manage money in the $3tn industry from the spare room of a Wimbledon townhouse, is closing after five years.

Former commodities traders Irene Perdomo and Leonardo Marroni launched Devet Capital with $29m in mid-2014 and saw assets rise to more than $100m four years later.

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