Top Asian hedge fund HDH Advisors dissolves

Managers of the spectacularly successful HDH Special Situations Fund reportedly go separate ways to start new asset management firms.

HDH Advisors, one of AsiaƆs biggest hedge funds and considered among the region's best-known alternatives success stories, is reportedly winding up its current operations, according to sources familiar with the firm. The fund was understood to be notifying investors on Friday, 6 October.

The Hong Kong-based fund started in 2004 with $6 million in assets under management and its meteoric rise over two years took it to over $800 million.

It is understood that its partners, ex-Lehman employees Huy Hoang,...

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