Fund launches & closures

Singapore’s Saga Tree Capital gears up for the launch of Asia ex-Japan fund

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Singapore-based Saga Tree Capital is priming itself for the launch of its high-conviction Cayman-registered Saga Tree Asia fund.

Sources say the build-up of the team has began in earnest with Shu Nung Lee, the former managing director at tech-focused fund Clairvoyance Capital Advisors, joining the firm as COO in June. At Clairvoyance, Shu also served as co-portfolio manager and head of pan-Asia equity long/short research and non-technology sectors.

Geraldine Lin, a former trader at Novatera Capital – the manager of the Hidden Jewels Fund, a long-biased equity hedge fund that invests in Asia