Global Investment Firm Arena Investors to Shut Singapore Office

Global multi-strategy investment firm Arena Investors LP is shutting its Singapore office and seeking to reallocate resources elsewhere, according to people familiar with the matter.
The firm found that investments in Asia were often not as appealing on a risk-to-return basis, nor as scalable compared to those in North America and Europe, one of the people said, who asked not to be identified discussing private matters. Still, Arena remains open to pursuing compelling opportunities in the region, the person added.