Ex-SAC Manager's Asia Hedge Fund Said to Lose Third of Assets

  • BosValen Asset's hedge fund is led by Ken Xu in Hong Kong
  • Assets said to fall because of investment losses, redemptions

BosValen Asset Management, the Hong Kong-based firm led by former SAC Capital Advisors manager Ken Xu, has seen assets in its hedge fund shrink by almost a third in five months because of investment losses and redemptions, according to a person familiar with the matter.

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