Singapore-based Octagon Capital, one of the very few shorting specialists in the Asian hedge fund space, has shuttered its Octagon Tactical Short Fund.
This brings an end to the more than five-year-old strategy that sizzled the most at the height of the global financial crisis in 2008.
The fund was effectively closed on 1 March after it “reached uneconomic size due to redemptions”, according to portfolio manager Lam Poh Min.
Lam and Nelson Chia, who is the fund’s trader, launched the fund in October 2006.
Back in 2004, Lam and Chia had left their jobs at...