Trikon Asset Management Ltd, the Hong Kong-based hedge fund firm founded by Moore Capital alumnus Gaurav Grover, is to cease operations after about five years of trading, according to a report by Bloomberg.
The report cites unnamed sources with knowledge of the matter as revealing that Grover is taking a break to spend more time with his family, but does not plan to retire.
According to a one of the sources, the firm began notifying investors and counterparties about its intentions there weeks ago despite client interest for additional investment products.
Grover, who helped set up Moore’s Asia office in Hong Kong in 2010 and was a senior portfolio manager at Louis Bacon’s hedge fund firm, founded Trikon with members of his former Moore investing team. Its hedge fund was up 2.9% this year through August, bettering the flat return of a Eurekahedge gauge tracking Asia-Pacific funds that bet on rising and falling stocks.
