![‘World’s cheapest hedge fund’ closes after five years](https://s.wsj.net/public/resources/images/FN-AJ149_FN_CLO_M_20191204023401.jpg)
A London hedge fund that sought to reshape the image of what it takes to manage money in the $3tn industry from the spare room of a Wimbledon townhouse, is closing after five years.
Former commodities traders Irene Perdomo and Leonardo Marroni launched Devet Capital with $29m in mid-2014 and saw assets rise to more than $100m four years later.