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UK Hedge Fund Perbak to Wind Down Operations

Perbak Capital Partners, a London-based hedge fund backed by Schonfeld Strategic Advisors, is closing its operations. The firm determined it lacks sufficient assets to maintain the financial reserves needed for ongoing business activities. The decision reflects pressures on smaller hedge fund operators in a consolidating sector. Larger hedge funds have expanded substantially—some approaching $8 billion in assets under management—while mid-sized players face mounting challenges competing for institutional capital.