Atradis Fund Management, once Singapore’s biggest hedge fund manager with about US$4.5 billion ($5.8 billion), plans to wind down its operations and return money to investors after it lost money in the last two years, co-founder Stephen Diggle said on Tuesday.
Diggle, however, plans to remain in the industry by turning his family office into a fund manager. He told Reuters he would set up two new funds and take over two of Artradis’s existing funds.
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