Launches & Closures

Long/short equity house Novatera shutters Hidden Jewels

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Singapore-based long/short equity outfit Novatera Capital has shut down the Hidden Jewels Fund and returned $90 million of funds it was managing for high net worth individuals and funds of funds.

Its founder Robert Lewis says he is shifting career gears after nearly seven years of running the fund and that he looks forward to taking a break from managing outside capital.

He is now doing mostly consultancy work and will be teaching a class on Value Investing In Asia at the National University of Singapore in the autumn.

The Hidden Jewels Fund focused on small-cap stocks