Reuters – New York-based hedge fund Perry Capital, which manages about $8 billion (5 billion pounds), is shutting down its Hong Kong office and will cut 30 jobs globally, a source with direct knowledge of the matter told Reuters on Friday.
The firm, founded by Goldman Sachs alumnus and star hedge fund manager Richard Cayne Perry more than two decades back, was cutting exposure to Asia as it wanted to concentrate on the U.S. and European markets, the source said.
