Dexion Absolute Limited (LSE: DAB) was a Guernsey-registered, closed-ended investment company listed on the London Stock Exchange. It was managed by Dexion Capital and the chairman was John Hallam.[1]
History
[edit]The company was established by the hedge fund manager, Robin Bowie, with the intention of introducing hedge funds to financial institutions, in December 2002.[2][3] By February 2006, it had £530m of assets under management and it had become the largest listed fund of hedge funds.[4] However, in May 2009, after the board faced a vote on whether to continue,[5] most of the shareholders decided not to invest more money in the company.[6] Accordingly, in February 2016, the board decided to wind up the company.[7]
References
[edit]- ^ "Dexion Absolute appoints new chair as Walsh steps down". Wealth Manager. 24 November 2010. Retrieved 26 August 2020.
- ^ "Investment Management – Setting Up And Operating In Guernsey". Mondaq. 8 October 2008. Retrieved 27 November 2025.
- ^ "Dexion Capital's Robin Bowie expects Absolute FoHF to rotate more into credit and macro space". Hedgeweek. Retrieved 27 November 2025.
- ^ ""Not an easy thing to do at all"". Hedge Fund Journal. 1 February 2006. Retrieved 27 November 2025.
- ^ "Investors about to decide the fate of Dexion Absolute". Financial News. 6 April 2009. Retrieved 27 November 2025.
- ^ "Dexion investors add to listed fund woes". Financial News. 19 May 2009. Retrieved 27 November 2025.
- ^ "Dexion Absolute to wind up". Quoted Data. 23 February 2016. Retrieved 27 November 2025.
External links
[edit]- Official site Archived 15 April 2008 at the Wayback Machine
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