ReachCapital Management has closed three hedge fund offerings, HFMWeek reports. The ReachCapital International Fund I, the ReachCapital International Fund II and the ReachCapital European Equity Fund are among the funds that have been liquidated.

The International Fund I had posted 9.04% year-to date figures in 2010, while the European Equity Fund returned 6.92% in 2010. The New York-based hedge fund manager was founder by Nigel Hart, who earlier worked at Putnam Investments.

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