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

Tue Mar 27, 2012

Read more:

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...


The full contents of this article are available to active AsiaHedge subscribers and trialists only.

To continue reading please,
take a free trial or subscribe to AsiaHedge.


Subscribers have unlimited access to all current content, including hedge fund performance Live League Tables. Start your subscription today - click on the button below.

Subscribe now