Piquant Hedge Fund Closes After Failing to Attract InvestorsBy
The $20 million Singapore quant fund stopped trading in June
Fund made loss in 2014, flat this year until end of operations
Piquant Capital Pte is shutting its quantitative hedge fund as it failed to attract investor money after making a loss in 2014, the firm’s chief investment officer said.
The Singapore-based money manager didn’t reach its targeted $60 million and will officially end operations at the end of the year, George Varghese said in an interview this week. He said he stopped trading in June when the fund’s assets under management were at $20 million. The fund lost 4 percent in 2014 and was flat this year until ceasing operations, he said…
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