Event-Driven Hedge Fund Manager Gruss Shutting Hong Kong Office

(Bloomberg) Gruss Capital Management, an event-driven hedge fund manager based in New York, is shutting its more than seven-year-old Hong Kong office.Gruss filed a notification to Hong Kong’s securities regulator to cease its asset-management activities in the city from Jan. 31 and will no longer have such staff in the office, according to a filing to the Securities and Exchange Commission dated Feb. 20. The firm had almost $3.2 billion of regulatory assets, which may include leverage, as of December, according to the filing.

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