The Big Mistake of a Singapore Hedge Fund: A Wake-Up Call for the Hedge Fund Industry in Asia
A Singapore-based hedge fund, Asia Genesis Asset Management, has announced its closure after losing most of its investors due to wrong bets on Chinese and Japanese stocks. The fund, which was once one of the best-performing macro funds in Asia, made “big mistakes” in predicting the market movements and failed to recover from its losses. The fund’s demise has exposed …