EM Hedge Fund Greylock Files for Bankruptcy

Greylock filed for bankruptcy protection in New York after three years of losses and investor withdrawals. The company, once prominent during the Greek debt crisis, faced challenges due to a general meltdown in emerging market bonds and the impact of COVID-19. Despite a peak in 2017, Greylock's assets under management significantly declined, leading to a Chapter 11 filing aimed at terminating its expensive Midtown office lease. The company plans to relocate to Stamford, CT, and continue operations.

What was the status of Greylock's assets under management before the bankruptcy filing?

What changes did Greylock make in response to its financial difficulties?