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Nylon To Use Barclays Settlement To Launch New Hedge Fund

Tue, 02 Aug 2011 12:04:14 GMT

Nylon Capital is poised to deploy its legal winnings by launching a new hedge fund.

The London-based firm, which netted about US$20 million in a settlement last month with Barclays Bank, will use those proceeds to launch a new global macro fund. Nylon was forced to close its last fund last year after Barclays yanked its £250 million in seed capital after just four months in 2009.

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