Sunday, 1 March 2015
Last updated 2 days ago
Dec 16 2011 | 4:12am ET
Hedge fund Boyer Allan Investment Management will close two of its three funds amidst falling performance and assets.
The Hong Kong- and London-based firm will shut both its Pacific and Greater China funds, whose assets have dropped from $638 million to about $375 million this year, Reuters reports. The former is down 18.7% this year and the latter 7.8%.
Boyer Allan, which managed $1.8 billion prior to the financial crisis, will continue to manage its Pacific Opportunities Fund.
Boyer Allan is the latest firm to close hedge funds in Asia. More than 123 in the region have liquidated this year.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…