Lotus shuts down after losing year

Tue Jun 1, 2004

The "lotus-eaters" of Homer's Odyssey were drugged into delighted forgetfulness by living on the Lotus tree's fruit and flowers. Not so the investors and managers of the Lotus Global Multi-Strategy Fund, which is suffering its second losing year.

Last month, Lotus portfolio manager Sudeep Singh, previously head of the former Chase Manhattan's proprietary trading in Europe, Africa and the Middle East, told investors that he...

ISSN: 2151-1845 / CDC10004H

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