BrightSphere shuts Hong Kong branch as assets plunge

BrightSphere Investment Group is closing its Hong Kong sales office following a change in leadership and strategy at the fund house's US headquarters. The move comes after it recorded a first-quarter plunge in assets under management amid the Covid-19 pandemic. The multi-affiliate firm will retain branches in Asia via at least two of its subsidiaries, equity specialist Acadian and secondaries alternative asset manager Landmark Partners, which will continue to service their la…