Asian Investor reports that Lazard has closed its South Korea-focused activist hedge fund, while China International Capital Corporation (CICC) has done the same with its Asian long/short equity strategy, as the sector continues to be roiled by volatile markets and investor redemptions.
US investment bank Lazard confirmed to AsianInvestor that it recently wound up its Korea Corporate Governance Fund, which was launched in 2006 and attracted a $100 million allocation from Californian pension fund CalPERS in early 2008. See full story
