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Citadel, CQS Hire Asia Managers as Small Hedge Funds Buckle

Citadel LLC and CQS (U.K.) LLP are among global hedge funds providing refuge to managers in Asia as smaller firms struggle to raise money.

Agus Tandiono returned to Citadel, the $13 billion firm run by Kenneth Griffin, in January following the closure of a fund he managed, said a person with knowledge of the move. Sanjiv Bhatia joined CQS, which oversees $11.6 billion, after winding down his Hong Kong-based fund in December.