Feb
29
BTG Hedge Fund Said Shutting Hong Kong Office, Losing CIO
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The unit is shrinking its operations after assets slumped
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Hedge fund hit by redemptions after arrest, release of Esteves
Grupo BTG Pactual’s hedge fund unit is shutting down its Hong Kong office as it shrinks its operations following a slump in assets under management, two people with knowledge of the matter said.
Antoine Estier, a former UBS Group AG fixed-income trader who led the hedge fund unit, will leave, the people said, asking not to be named as they were not authorized to speak on the matter. A spokeswoman for BTG declined to comment. Estier, the hedge fund’s chief investment officer, did not respond to messages and an e-mail seeking comment. Efinancialcareers reported last week that Estier would leave the firm…
BTG Hedge Fund Said Shutting Hong Kong Office, Losing CIO
