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The Latest Hedge Fund Casualty: Former Halcyon Principal Oei Returns Capital To Investors

Another day, another hedge fund casualty. According to Bloomberg, Eyck Capital Management, a hedge fund started by Khing Oei in 2013 after he left Halcyon Asset Management, is returning capital to investors, just days after Eric Mindich, founder of $7 billion Eton Park, said last week it would also return client money after “disappointing” results last year. The London-based distressed-debt fund managed $100 million at the end of last year and had struggled to raise enough assets to support costs, one of the people said, asking not to be identified because the information is private.
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