Hong Kong Hedge Fund Richland Closes

From  WSJ: Hong Kong-based Richland Capital Management Ltd. closed its hedge fund operations and liquidated its two funds, Co-founder and Chief Investment Officer Alex Au said.  Mr. Au, formerly a trader with HSBC Holdings and Eva Lo, a former private banker at Credit Suisse established Richland in 2006.

The firm had two flagship funds, the Richland Asia Absolute Return Fund and the Richland Emerging Opportunities Fund, which had combined assets of about $100 million. Both funds were liquidated on Tuesday…

Find out more at http://blogs.wsj.com/moneybeat/2013/05/02/hong-kong-hedge-fund-richland-closes/