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Firebrick and Progress add to list of hedge fund closures

Yvonne Chan
A more expensive and competitive operating environment means that even seasoned managers may face fund closure.
Firebrick and Progress add to list of hedge fund closures

Firebrick Asia Fund and Progress Capital Fund, both long/short equity strategies which were run out of Singapore by experienced managers, have recently wound up – a sign of the challenging operating environment for hedge funds in the region.

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