Soros Fund Management to Shut Its Hong Kong Office (Correct)

Soros Fund Management, founded by billionaire George Soros, plans to shut its Hong Kong office as part of an administrative reorganization, but said it will continue to invest in Asia.

Following the closure, investments in Asia will be overseen from its New York and London offices, the New York-based firm said in an emailed statement. It will continue to parcel out money to managers in Hong Kong, Singapore, Japan and other Asian hubs, it added.

A spokesman for the company didn’t immediately respond to an email seeking further information.

The billionaire founded the firm in 1970. It invests ...