Jan
20
Myo to Shut Eight-Year-Old Hedge Fund as Big Investor Pulls Out
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Myo plans to liquidate private credit fund by first half
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Founders are looking for larger asset manager for new venture
Myo Capital Advisers, which focuses on making private loans and distressed credit investments in the Asia-Pacific region, is shutting its nearly eight-year-old hedge fund after a big investor decided to pull its money.
Myo is now looking to form a venture with a larger asset manager for private credit investments in Asia, the Hong Kong-based firm co-founded by former executives of ADM Capital and HSBC Holdings Plc said in its December newsletter to investors. The hedge fund had about $10 million of assets before the redemption request, Chief Executive Officer Justin Ferrier wrote in an e-mail, without naming the investor…
Myo to Shut Eight-Year-Old Hedge Fund as Big Investor Pulls Out
