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Bailey McCann, Opalesque New York: According to a Reuters report, Henderson Group and Tantallon Capital are closing their Asia-based funds due to the tough capital-rising environment for Asia-based hedge funds.

Henderson Group is the holding company of the investment management group Henderson Global Investors which is based in the UK. Henderson Global Investors is one of the oldest global asset management firms with £65,430 million assets under management and is listed on both the London and Australian stock exchanges.

The firm was managing an $30m Asia-Pacific Equity Multi-Strategy Fund which it closed after having difficulty raising sufficient capital. The fund was managed in Singapore.

Tantallon Capital, a Singapore-based advisory company to the Tantallon Fund and Tantallon Emerging Markets Fund was running a long-only fund from Singapore - the Asia ex-Japan Bass Rock Fund. According to the article, the fund had lost half of its value over the last year.

Asian hedge funds have been experiencing difficulty in finding capital despite the projected growth in new funds in the region. According to a different......................

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