King Street Capital Management informed customers that the company is drastically limiting redemptions of its major hedge funds and transferring investors who wish to exit into a separate carrier, which will gradually sell their assets. This 31-year-old fund is in a difficult situation due to poor performance, loss of clients, and the departure of senior employees. Currently, its management scale is less than 8 billion US dollars, down from 20 billion US dollars more than 10 years ago. King Street's move “will enable us to manage and liquidate our assets in an orderly manner and liquidate our positions at the most attractive exit points,” 61-year-old founder Brian Higgins wrote in a letter to investors on Wednesday.

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