AI market round up: Endeavour closes flagship fund
The $3 billion London hedge fund Endeavour is liquidating its flagship fund after losing more than 40% last year. The fund was running a fixed-income arbitrage strategy that lost money on Japanese government bond futures. A bail-out plan with Barclays Global Investors failed to be completed. The fund has also returned money from its second fund, Pembroke, to investors. Pembroke will continue to manage proprietary money.