Investors have grown so fed up with SRM Global, the hedge fund launched in 2006 by UBS prop trader Jon Wood that on paper lost 24.71% of its value last month, that they have begun leaking details of its performance.

January's performance, confirmed by an investor in the fund as 24.71% for the September 2006 euro share class and 24.98% for the first September 2006 dollar share class, would be enough to sink most hedge funds.