Satellite Asset Management LP stopped client withdrawals from its three largest hedge funds and eliminated more than 30 jobs after losses reduced the firmâ??s assets to about $4bn this year.
Sparx Group Co., Asiaâ??s biggest hedge-fund manager with $8.8 bn in assets, will close its U.K. office and some U.S. operations amid investor withdrawals and declining earnings.
Parkcentral Management liquidates fund (Fund News)
According to a report by Bloomberg, Parkcentral Capital Management LP, an investment firm that manages money for the family of Ross Perot, is liquidating a fixed-income hedge fund because it is "no longer viable."
Carlyle withdraws from emerging market ventures (Fund News)
The Carlyle Group announced a sudden withdrawal from two of its newest emerging market ventures, closing down its central and eastern European operations and its Asian leveraged finance business just months after their launch.