Coupland Cardiff shuts Asia event-driven strategy

Coupland Cardiff, the UK-based hedge fund manager, has recently closed its CC Asia Advantage Fund, following a redemption from its sole investor. The Asia event-driven strategy is understood to have had a negative return of -5.98% in 2011 and -3.6% in this year to August. It had about $80 million in assets, which were attributable to just one investor, at the time of closure, according to Coupland Cardiff chief executive Richard Cardiff. “The investor decided to re-allocate th…