(Bloomberg) The hedge fund controlled by commodity giant Louis Dreyfus Holding BV will close its Singapore office to focus on its European trading operations, according to three people with knowledge of the matter.
The closure will eliminate four positions at Edesia Asset Management BV, about 10 percent of the hedge fund’s staff, two of people said, asking not to be identified because the decision hasn’t been made public. Edesia currently has close to $1.9 billion in assets down from a peak of about $2.4 billion in 2012, said the people.
