Hong Kong hedge fund Torq Capital winds down as founder heads for Citadel

Hong Kong-based hedge fund Torq Capital Management is closing up shop after more than seven years of operation, with its founder and chief investment officer, Avinash Abraham, moving to Citadel, the companies said.The market-neutral fund focusing on Asian equities was founded in 2016 by Abraham, former head of Asia for Balyasny Asset Management and a former portfolio manager at Citadel, which is among the world’s biggest and most profitable hedge funds.Torq, seeded by Alibaba Group Holding..