Hedge Fund Myriad Asset Is Quitting Hong Kong After 11 Years

Carl Huttenlocher’s hedge fund firm Myriad Asset Management Ltd. plans to shut its office in Hong Kong, the city where it was founded and based for much of its 11 years, said a person with knowledge of the matter.

Myriad made the decision after pandemic-induced curbs made it difficult for Huttenlocher and his portfolio managers to travel, and the fund’s Asian investment underperformed other strategies this year, the person added, asking not to be identified as the information is private. The firm plans to make West Palm Beach, Florida its new base, said the person.

Hong Kong is seeing ...