JAI Capital Management is set to close after two years in operations, HFMWeek reports. The hedge fund firm was launched in 2009 by Soros Fund Management’s Michael Takata and Credit Suisse’s former head of global equities and fixed income, Michael Ryan. The firm rolled out the JAI Capital Partners fund and its offshore version in June 2009.Before joining Soros, Takata worked at Pequot Capital and also co-founded Ulysses Management, while Ryan was at Goldman Sachs before joining Credit Suisse.

Click here for the story from HFMWeek.