Gandhara’s Erro Readying New Hedge Fund

``Erro shuttered Gandhara, which once managed as much as $3.8 billion, in March after investors sought to redeem more than one-third of its remaining $2.3 billion. The fund, which invested primarily in Asian and European stocks, lost about 20% last year. Erro plans to launch the new fund, which will also invest in stocks, early next year, The Wall Street Journal reports.''