Launches & Closures

Long/short house Novatera shutters Hidden Jewels


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 said he is shifting career gears after nearly seven years of running the fund, and that he is looking 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 in Asia