TMTPOST -- Soros Fund Management, the investment firm founded by billionaire George Soros, plans to close its Hong Kong office as part of a reorganization, while maintaining its investment presence in Asia. Following the closure, oversight of the firm’s Asian investments will shift to its offices in New York and London, according to an emailed statement. The firm noted it will continue to allocate funds to managers based in major Asian markets such as Hong Kong, Singapore, and Japan. A spokesperson for Soros Fund Management did not immediately respond to a request for additional comment. Founded by Soros in 1970, the firm invests across global markets, including public and private equity, fixed income, commodities, foreign exchange, and other alternative assets. Soros and his firm are known for their notable gains, including a $10 billion profit in 1992 betting on the Bank of England’s devaluation of the pound, as well as nearly $1 billion from short positions on the yen from November 2012 to February 2013.