ICH shuts Phoenix fund, citing poor investor appetite and rising costs

Tue Mar 27, 2012

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A fund ran by a former manager from the Singapore Government Investment Corp (GIC) has shut down two years after it was launched.

Singapore-based ICH Asset Management’s Asia Phoenix Absolute Return Fund, a Cayman-registered long/short equity fund that invested in markets across Asia ex Japan, recorded an -8.29 % loss in 2011 as compared to the 5.5% return it made in the ten months it was operating in 2010.
The fund invested in markets such as China, Hong Kong, Indonesia, Malaysia, Singapore, South Korea, Taiwan and...

ISSN: 2151-1845 / CDC10004H

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