Hutchin Hill Capital, the $3.4 billion New York-based hedge fund led by Neil Chriss, is shutting its 19-month-old Hong Kong office.

Japan’s top-performing quantitative hedge fund is setting up an artificial intelligence research facility in Kyoto.

Asia hedge funds are opening at the slowest pace since the turn of the century.

Credit Suisse Group AG is reducing some jobs at its cash-equities business, a person with knowledge of the matter said, as the Swiss bank extends cuts to an area it previously earmarked for growth.

Hedge fund investors pulled $28.2 billion from the industry in the third quarter, the most since the aftermath of the global financial crisis, according to Hedge Fund Research Inc.

BlackRock Inc., the world’s largest money manager, said third-quarter profit rose 3.8 percent as the firm cut costs and attracted money into its exchange-traded funds.