Marble Bar Asset Management, once among Europe’s biggest hedge funds, has looked to arrest its post-financial crisis asset decline by rebranding and repackaging its flagship fund as a Ucits vehicle, while striking a new distribution deal with a boutique manager.

The London-based manager, which saw assets slump from $5.8 billion in June 2008 to $231 million by the end of 2014, according its most recent accounts filed with Companies House, has restructured its MBAM Active Fund, which has been running since August 2010.