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Komfie Manalo, Opalesque Asia:

Tyrian Investments, the hedge fund backed by investing legend Julian Robertson of Tiger Management, is closing down because of mounting redemption pressures, insiders have confirmed.

In a report, Business Insider, said that the New York-based fund manager led by Orlando Muyshondt has already informed its investors about the decision. Tiger Management is a "significant partner" at Tyrian that was launched in 2010, employing a long/short equity strategy.

Muyshondt wrote a letter to his investors on November 17 of his decision to wind down Tyrian Global Opportunities. He said in his letter, "After careful consideration, we have decided to wind down the Tyrian Global Opportunities Fund LP and compulsorily withdraw all investors as of November 18, 2016. In anticipation of winding down the fund, we have liquidated almost all of the Fund's assets."

He continued, "One position, which currently constitutes approximately 2.2% of the portfolio (the 'Specified Position'), may take longer to sell, but we will seek to sell this position before the end of the year. We expect to distribute to each investor in the fund by the end of this month approximately 93% of the net asset value of each investor's interest, and, pursuant to the fund's offering documents, we will hold back approximately 5......................

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