Bloomberg – Amoeba Capital Partners Pte, run by the former head of Asian investments at Morgan Stanley’s asset- management unit, is returning money to investors in its stock hedge fund, citing “tough” industry conditions.
The Singapore-based firm plans to give clients their money by Dec. 31, said Managing PartnerAshutosh Sinha, 43, in an interview yesterday. The Amoeba Capital Asia Fund, which bets on rising and falling stocks in Asia outside Japan, returned 67 percent from its inception on July 10, 2006, through Aug. 31, Sinha said, compared with a 22 percent gain in the MSCI Asia Pacific ex-Japan Index over the same period.
