Reuters – Henderson Group said it has shut its Asia-Pacific Equity Multi-Strategy Fund, and a source said Singapore-based Tantallon Capital is winding down its long-only Asia ex-Japan Bass Rock Fund, signaling tough time for Asia’s hedge fund industry.
Asian hedge funds suffered net outflows in the last four months of 2011, according to Eurekahedge. The fund tracker estimates nearly seven in 10 Asia funds have fallen below their “high water mark” — the peak net asset values above which they can charge performance fees.
