Chicago-based Driehaus Capital Management is liquidating its Driehaus International Credit Opportunities Fund (DRCIX) after a year of less-than-stellar performance.

According to a regulatory filing, the fund is closed to new investors effective as of March 5 and will liquidate on March 12. The Fund is actively managed and bets on both long and short positions in debt securities (both sovereign and corporate), equity securities and currencies. It managed some $27 million as of the end of December 2012.

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