Thaddeus Capital Closes, Returns Money To Clients

Feb 9 2012 | 2:00pm ET

Another Asian hedge fund has bitten the dust.

Thaddeus Capital Management liquidated its hedge fund following redemptions. All money was returned to investors earlier this year, Reuters reports.

Thaddeus is among more than 140 Asian hedge funds to close their doors in 2011.

The Hong Kong-based firm's Thaddeus Asia Event Driven Fund lost about 8% last year. The fund managed about US$300 million.

Thaddeus, founded by several HDH Advisors veterans and run by Charle Peza, elected to pull the plug in October, according to Reuters. The move came after some European investors filed redemption notices.

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