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.
Augustus hedge fund doubles assets under management (Fund News)
Fund firm Augustus Asset Managers said that assets under management in its fixed income and currency macro hedge fund have bucked market trends and doubled in the year to end-October.
Fortress, DE Shaw, Farallon suspend redemptions (Fund News)
Fortress Investment Group, the listed private equity and hedge fund group, has suspended redemptions at its flagship Drawbridge Global Macro Fund after investors sought to withdraw more than $3.5bn in funds, according to a regulatory filing Wednesday.