Lazard shutters Korea fund as CICC closes Asia strategy
A Korean activist hedge fund invested by CalPERS and run by Lazard has shut, as has an Asia long/short equity fund run by CICC.
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Lazard has closed its South Korea-focused activist hedge fund, while China International Capital Corporation (CICC) has done the same with its Asian long/short equity strategy, as the sector continues to be roiled by volatile markets and investor redemptions.
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