Gandhara Capital, a $2.25bn (£1.6bn) London and Hong Kong-based hedge fund, is to close after 40 per cent of its investors asked for their money back.
Managers of Gandhara, set up by a dozen former Deutsche Bank traders led by Davide Erro in 2005, decided to shut the fund after concluding it was the best way to avoid tarnishing their reputation with investors.
