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Assets at the struggling firm have fallen to $650 million.
Claren Road Asset Management, the credit hedge fund recently spun out from the Carlyle Group, has filed to withdraw its status as an asset manager with a Hong Kong regulator, according to Securities and Exchange Commission filings.
The affiliate, Claren Road Asia Limited requested to have its "Type 9" licensing with the Hong Kong Securities and Future Commission canceled, the filings said. Type 9 licenses are required to manage securities in Hong Kong.
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