A messy stretch in global markets claimed two more victims as a pair of hedge fund firms decided to shut down.

MeehanCombs, a Connecticut, US-based firm that managed about $300 million at its peak last year, will return most of its client money at the end of the month, President Eli Combs said. The fund was down 6% last year and 7% this year through August after it suffered mounting losses in the spring and summer.