Apollo and Huntsman reach agreement on breakup fee (Fund News)
Apollo Management LP, the private- equity firm, agreed to pay $700m to Huntsman Corp. to terminate a $6.5bn LBO of the chemical maker by its Hexion Specialty Chemicals Inc. unit.
Tozai Investment Advisory Ltd., a Tokyo-based hedge fund adviser, is closing its business after investment losses and redemptions cut its fundsâ?? assets to zero from a peak of $70m.
Citadel Investment Group LLC will close down its Tokyo office and Asian principal investment operations, cutting more than half of the jobs in the region.