A hedge fund launched by former BBC chairman Gavyn Davies has suffered heavy redemptions after what a client described as "very disappointing performance".
The team running SemperMacro, run by Fulcrum Asset Management â which Davies co-founded â has been reduced by the departure of partners Tim Fletcher, Patrick Hall, David Kaplan and Gianluca Squassi. The Financial Services Authority's register shows they left last week, leaving eight partners.
