Ebullio Capital, Which Lost 96% In 2 Months, To Shut Doors [Reports]

Ebullio Capital Management, which lost 96% in two months about six years ago, is said to be closing down after failing to meet capital adequacy and compliance requirements.

Citing a tough capital raising environment, Ebullio Founder and Managing Partner Lars Steffensen said, “It’s just not fun being a hedge fund manager any more.”

Ebullio Capital’s closing comes amid uncertainty in commodities

The Financial Conduct Authority (FCA) regulated-hedge fund will be relying on its physical assets to reimburse investors.

Ebullio shot into the headlines in March 2010 after posting back-to-back 70% and 86% monthly losses that...