This post was originally published on South China Morning Post.
Hedge fund Elliott Management to shift operations to London and Tokyo as it closes its Hong Kong office
Paul Singer’s Elliott Management plans to close its Hong Kong office and shift its remaining staff to Tokyo and London, one of the biggest financial firms to exit the city amid the worst recession on record.The US hedge fund has been winding down its operations in the city for several years and stopped investment activities in Hong Kong at the beginning of the year, according to people familiar with the matter, who were not authorised to discuss the matter publicly. It has fewer than 20…