Goldman Sachs Group Inc. is shutting two hedge funds run by people based in Asia, according to people with knowledge of the matter. The funds, which together manage about $1.4 billion in assets, were run by Goldman Sachs partners Ryan Thall and Hideki Kinuhata, the people said, asking not to be identified because the information isn’t public. Kinuhata is retiring while Thall is expected to start his own fund, the people said. A spokesman for Goldman Sachs declined to comment. Thall and Kinuhata didn’t immediately respond to messages seeking comment.