{"id":6516,"date":"2007-09-07T00:00:00","date_gmt":"2007-09-07T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"ga-shuts-two-struggling-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2007\/ga-shuts-two-struggling-funds.html","title":{"rendered":"GA shuts two struggling funds"},"content":{"rendered":"<p class=\"textBodyBlack\">  MSNBC- Global Advisors, a London and New York-based hedge fund manager specialising in commodities, has shut down two of its three funds and is considering a merger after poor performance saw  investors lose confidence.<\/p>\n<p class=\"textBodyBlack\">  GA is shutting its $60m (\u00c3\u201a\u00c2\u00a329.6m) Global Advisors Commodity Investment fund (GACI) after it dropped 8 per cent amid the market turmoil last month to leave it down 12.9 per cent for the year. It is  also closing an index-plus fund that had failed to get off the ground last year.<\/p>\n<p class=\"textBodyBlack\">  Rus Newton, co-principal of GA, said: &#8220;We took a bit of a hit after Hurricane Katrina in August 2005 and never really recovered investor momentum.&#8221;<\/p>\n<p class=\"textBodyBlack\">  <a href=\"http:\/\/news.google.com\/news\/url?sa=T&amp;ct=us\/5-0&amp;fd=R&amp;url=http:\/\/www.msnbc.msn.com\/id\/20614499\/&amp;cid=1120379550&amp;ei=-_bgRrWZHYOUrgO0wJmPCQ\"><strong>Read Complete  Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MSNBC- Global Advisors, a London and New York-based hedge fund manager specialising in commodities, has shut down two of its three funds and is considering a merger after poor performance saw investors lose confidence. GA is shutting its $60m (\u00c3\u201a\u00c2\u00a329.6m) [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6516","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6516"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6516\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}