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...