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