The story
The company was established by the hedge fund manager, Robin Bowie, with the intention of introducing hedge funds to financial institutions, in December 2002. By February 2006, it had £530m of assets under management and it had become the largest listed fund of hedge funds. However, in May 2009, after the board faced a vote on whether to continue, most of the shareholders decided not to invest more money in the company. Accordingly, in February 2016, the board decided to wind up the company.
From Wikipedia’s article on Dexion Absolute, shared under CC BY-SA 4.0.3