Cantillon Capital Management

“closing two embattled hedge funds valued at $3.5bn (£2.1bn)”

“the two funds fell between seven and eight per cent in May versus strong gains seen in most hedge funds.”

“They fell just 10 per cent compared to an average 19 per cent loss across the industry.”

“The funds were a giant $2.7bn global equities fund and an $800m European fund.”

“The company’s remaining $4.5bn of assets, held in non-hedge vehicles, are expected to continue operating.”