UPDATE 2-Activist hedge fund TCI closes down in Asia

* Sold most of Asia portfolio before closedown-sources

* Asia operations closed in late October-sources (Updates with no comment from TCI)

By Parvathy Ullatil and George Chen

HONG KONG, Nov 3 (Reuters) - Activist investor, The Children's Investment fund (TCI), has closed down in Asia following the departure of its regional head earlier this year, sources familiar with the matter said on Tuesday.

The UK-based fund had approached other global hedge funds with a regional presence to take over its Asian portfolios, said another source close to the issue.

TCI did manage to sell off most of its regional investments but it was not clear who the buyers were, the source said.

John Ho, who led TCI's Asian business, left the hedge fund in April after TCI lost its much-hyped tussle with Japan's largest electricity utility Electric Power Development (9513.T), better known as J-Power, in 2008. The fund is said to have lost $130 million on its investment in J-Power.

TCI, which famously launched an attack on ABN AMRO in 2007 that helped trigger the Dutch bank's sale, closed its Asian office in Hong Kong in late October, sources said.

TCI, founded by Chris Hohn, declined to comment when contacted by Reuters.