HedgeWorld Markets Limited, a company that downsized its Bermuda operation more than two years ago, has gone into voluntary liquidation.

A legal notice, filed by liquidator Nicholas Hoskins last week, said creditors of the company have until January 16 to file any claims.

The development likely follows HedgeWorld, a company that provides key data to the hedge fund industry through its Web-based portal, recently being acquired by Lipper Inc., a global provider of mutual fund information and analysis and a wholly owned subsidiary of Reuters.

HedgeWorld was originally set up as a Bermuda firm in 1999, through private investments. It also on Friday voluntarily resigned and withdrew its trading membership from the Bermuda Stock Exchange.

At the time HedgeWorld left Bermuda, founder and chief executive Johann Wong said it made sense for the company to shift its operation and staff to the New York area.

The majority of hedge fund managers operate in the region. The company also has offices in Chicago.

No one at HedgeWorld Lipper could be reached on Friday for comment on the Bermuda liquidation notice. Since its sale to Lipper, HedgeWorld has become a business division within Lipper Inc. And a March Press release from Reuters announcing the planned acquisition said Mr. Wong was to stay with Lipper to head up its Hedge Fund and Advisory Services.