Hedge fund firm Capstone Investment to close Hong Kong office – report

Core Insights - Capstone Investment Advisors is closing its Hong Kong office after approximately four years of operation, highlighting challenges faced by new entrants in the region against established firms [1][2] - The closure will affect six employees from the Hong Kong team, but the company remains committed to trading Asian markets from other locations [2] - Capstone, founded in 2004, specializes in derivatives and volatility trading, with assets increasing from $8.8 billion in June 2021 to $11 billion as of September 11 [3] - The decision to establish the Hong Kong office was made around 2021, with plans to allocate $1.5 billion of risk capital to Asia by Q2 2024 [4]