At its peak, the firm managed several funds, the largest of which was the GED Long Short Equity Fund with €30m ($41m) under management.

Despite relatively good performance during 2008’s market turbulence, Volteq took the decision to close the business after faltering in 2009. Having investigated alternative business models, the firm’s partners ultimately concluded that the company was not sustainable, as the firm’s management fees failed to cover costs.

In November 2009, Volteq informed investors of the compulsory redemptions deadline of 1 December 2009. In January 2010, all of the funds were closed and Volteq is currently finalising the dismantling of the company. Some partners have already found new positions in the industry.

Volteq Capital launched its first fund in February 2004 with over $35m. Three of the five founding partners had previously worked together in the global equity derivatives department of ABN Amro