Lazard, AMP latest firms to close Asia-focused hedge funds
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LAZARD Asset Management and AMP Capital are the latest firms to shutter Asia-focused hedge funds.
The asset-management unit of financial firm Lazard Ltd closed its US$9.8 million Lazard Asia ex-Japan Equity Strategy and the Singapore-based portfolio managers have left, the firm said. Separately, AMP Capital, the Australian asset manager with roots in real estate and infrastructure, has shut down its AMP Capital Asia Quant Fund, which held about US$104 million, after the December departure of its team focusing on the strategy, according to a statement.
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