• Bloomberg


Myriad Asset Management has closed down a Japan-focused hedge fund less than a year after opening it, after changing its view on the government’s ability to end deflation through stimulus, said a person with knowledge of the matter.

Myriad started the Japan Reflation Fund in March 2015 to tap opportunities arising from the nation’s efforts to spur growth. The Hong Kong-based firm liquidated the pool, which managed $420 million at its peak, around the end of last year and returned the capital to investors, said the person, who asked not to be identified as the information is private.

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