Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Hong Kong Firm Shutters Hedge Fund Business

Apr 30, 2013
Jing Chen

Hong Kong-based firm Richland Capital Management is shutting down its hedge fund operation in an unexpected move.

Reuters reported that Richland, whose hedge fund business outperformed its peers in Asia, is set to liquidate its funds Tuesday. A reason for the closure was not disclosed.

Richland is one of a slew of hedge funds who have shut down in Asia in the past year due to difficulty raising assets.

One of the best-known firms in the region, Richland manages about $100 million in assets between two hedge funds and also advises clients in a separate business worth an additional $150 million. 

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