Syz shuts Asian FoHF, as QIC winds up quant fund

A Swiss and an Australian firm have shuttered poorly performing alternative strategies, as the tough environment for investors continues to take its toll. Geneva-based Syz & Co has closed its Oyster Multi-Manager Asia product, a fund of hedge funds that had heavy exposure to China managers and assets of about $15 million.  Launched in 2004, the fund was closed on January 31, a spokesman for Syz confirmed. The portfolio has been merged with the Oyster Multi-Strategy Fund, he …