Launches & Closures

Macquarie shuts down fund focused on Europe and Asia

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Macquarie Investment Management has shuttered its more than six-year old fund focused on companies in Europe and Asia.

The Macquarie Global Multi-Events Segregated Portfolio, which at its peak reached a size of $360 million, ceased trading on April 20, after delivering weak returns in recent years.

The fund used a series of quantitative factors including company earnings valuation measures, and other quality and momentum indicators to calculate dividend effects on stock options.

The fund experienced a 4.48% loss last year in the aftermath of the volatility that swept across markets and in the first two months of this