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Hedge fund to shut down Hong Kong office

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Grupo BTG Pactual’s hedge fund unit is shutting down its Hong Kong office as it shrinks its operations following a slump in assets under management, two people with knowledge of the matter said.

Top firm CEO resigns

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Brazilian billionaire Andre Esteves resigned all of his posts at Grupo BTG Pactual SA after he was jailed indefinitely, and the bank’s leaders spent the weekend in emergency talks to sell assets and acquire his controlling stake.

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Hedge fund to shut down Hong Kong office

Grupo BTG Pactual’s hedge fund unit is shutting down its Hong Kong office as it shrinks its operations following a slump in assets under management, two people with knowledge of the matter said.