Clairvoyance, Pangu join list of hedge fund closures

Asia-focused hedge funds suffered substantially last year, with long/short the worst performing strategy, as AsianInvestor reported yesterday, and indeed many of the recent closures seem to have come in that section of the industry. More than a third (46) of the 127 liquidations of Asia funds came in the third quarter of 2011, according to Singapore-based research house Eurekahedge. And they included not only small, early-stage funds, but also relatively large, well-established pl…