GLC, the multi-strategy firm led by Lawrence Staden that was
one of London's earliest and most colourful hedge fund groups,
is to close its doors and return capital to investors after
more than 20 years in business.
The firm has concluded that the significant structural
market changes of the last few years are unlikely to create the
same kind of conditions for its short-term quant trading
strategies in the future that had previously enabled Staden and
his colleagues to deliver excellent results for investors over
most of the past two decades.
Although conditions for its main systematic strategies have