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 over five-year old strategy that sizzled the most at the height of the global financial crisis in 2008.
The fund was effectively closed on March 1, 2012 after it “reached uneconomic size due to redemptions”, according to portfolio manager Lam Poh Min.
Lam together with 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 the Government of