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Feb

28

Lazard, AMP, Pine River Among Firms Closing Asia Hedge Funds

By Tony Seruga

Lazard’s Asia equity strategy had $9.8 million in assets
AMP’s quantitative fund held about $104 million as of November

Lazard Asset Management, AMP Capital and Pine River Capital Management are the latest firms to shutter Asia-focused hedge funds.

The asset-management unit of financial firm Lazard Ltd. closed its $9.8 million Lazard Asia ex-Japan Equity Strategy and the Singapore-based portfolio managers have left, the firm said in an e-mailed statement. Separately, the Australian asset manager with roots in real estate and infrastructure has shut down its AMP Capital Asia Quant Fund, which held about $104 million, after the December departure of its team focusing on the strategy, according to an e-mailed statement…

Lazard, AMP, Pine River Among Firms Closing Asia Hedge Funds

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