Boyer Allan To Shutter Two Hedge Funds

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.


In Depth

Virtu Celebrates Another Year Without a Single Day of Losses

Feb 26 2015 | 9:05am ET

High-frequency trading firm Virtu Financial Inc. reported another year without a...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk: How To Get In Front Of The Problem

Feb 26 2015 | 9:53am ET

In considering the topic of risk in the hedge fund world, specifically, the oversight...

 

Editor's Note