An investment advisory arm of Anglo-French investment group Rothschild has pulled the launch of a commodity finance fund, “despite significant work on this project,” according to company filings.

Rothschild HDF Investments, an asset management arm of the Anglo-French banking house, hired three staff in 2013 to help launch the fund. However, in its 2014 accounts for its U.K. arm, filed at Companies House, filed in late May, it revealed that the board had decided to "terminate" the fund.