Absolute Capital Management, the hedge fund manager forced into an overhaul of its business when former chief investment officer Florian Homm unexpectedly left two years ago, is looking to delist from London's junior stock market as it said its diminished size no longer justified the costs and regulatory obligations.

The board of the £1.6m (€1.8m) firm said in an exchange filing today that after "unprecedented market conditions" last year, "there is no longer any advantage...in maintaining a quotation on the Alternative Investment Market...[given] the company's much reduced size and revenues."