Long-standing hedge fund HT Capital to close

Hong Kong-based HT Capital Management is to close its doors after 14 years due to prevailing high operational costs and disappointing performance, AsianInvestor can reveal. The long/short equity manager’s founders – husband-and-wife team Ophelia Tong and Karl Hurst – notified investors and administrator HSBC of their decision on January 6. The highly regarded firm, founded in 1997, saw its assets under management peak at $700.47 million in December 2010. AsianInvestor named Hurs…