Owl Creek to Shut Asian Hedge Funds, Deregister Hong Kong Office

(Bloomberg) Jeffrey Altman’s Owl Creek Asset Management is winding down its Asian funds after the voluntary departure of Hong Kong-based co-manager Chris Wang, according to a regulatory filing.

The move is expected to cut New York-based Owl Creek’s assets to $2.3 billion, from about $2.6 billion at the end of February, the firm said in a filing to the U.S. Securities and Exchange Commission. It plans to deregister its Hong Kong office with the city’s securities regulator, it added.

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