Eisler Capital is to focus solely on its multi-strategy investment pool after announcing the decision to close its first hedge fund and scrap plans for a new fund launch, according to a report by Bloomberg.

Eisler Capital is to focus solely on its multi-strategy investment pool after announcing the decision to close its first hedge fund and scrap plans for a new fund launch, according to a report by Bloomberg.

The report cites an internal memo as revealing that the London-based firm has told investors in the Eisler Capital fund that any money they have in the strategy will be returned by the end of the year. The memo state that the firm's sole focus will now be the Eisler Capital Multi Strategy fund, which can charge lucrative pass-through fees.

Plans to launch the Eisler Capital Structured Opportunities Fund, which was to be led by former Myriad Asset Management money manager Graham Wood, have also been scrapped.

The move comes on the back of increased investor demand for multi-strategy hedge funds, which employ teams of traders rather than a few star individual managers. While the wider hedge fund industry has seen outflows so far this year, multi-strat funds have been attracting investor cash.