Saturday, 22 October 2016
Last updated 16 hours ago
Dec 21 2009 | 2:09pm ET
The Asian hedge fund industry may be turning around, but Legal & General Investment Management won’t be a part of it.
The firm is closing its US$36 million Japan Alpha fund, a long/short equity vehicle launched in 2004. LGIM has appointed a liquidator for the fund, Investment Week reports.
Japan Alpha fell 18.3%, in line with the average hedge fund, but was up only 0.9% through the first five months of this year.