{"id":11264,"date":"2009-08-17T00:00:00","date_gmt":"2009-08-17T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"asia-genesis-to-close-hedge-funds-chua-seeks-to-restore-health","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2009\/asia-genesis-to-close-hedge-funds-chua-seeks-to-restore-health.html","title":{"rendered":"Asia Genesis to Close Hedge Funds; Chua Seeks to Restore Health"},"content":{"rendered":"<p>Bloomberg &#8216; Asia Genesis Asset Management Pte, whose Japan Macro Fund has outperformed peers, is closing down its two hedge funds and returning money to investors.             <\/p>\n<p>&ldquo;I need some time to recuperate from weak health,&rdquo; founder Chua Soon Hock, 50, said in an e-mailed reply to queries from Bloomberg News. &ldquo;In past years, I have been doing 18-hour workdays with very active positions&rsquo; management to keep downside volatility of funds very low. I cannot do that with my current health conditions.&rdquo;     <\/p>\n<p>The Singapore-based hedge-fund firm will return all money invested in the $761 million Japan Macro Fund and $12 million in the Asia Genesis Equity Fund to investors by mid-September, Chua said on Aug. 14.     <\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601091&#038;sid=aLXV17cjMkNo&#038;FORM=ZZNR2\" target=\"_blank\" title=\"Read Complete Article\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8216; Asia Genesis Asset Management Pte, whose Japan Macro Fund has outperformed peers, is closing down its two hedge funds and returning money to investors. &ldquo;I need some time to recuperate from weak health,&rdquo; founder Chua Soon Hock, 50, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[249,15270,15304,15303,1806,15302,15307,11148,11708,15306,4504,357,48,1658,15152,11166,1129,15305],"class_list":["post-11264","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-asset-management","tag-bloomberg-asia","tag-current-health","tag-downside-volatility","tag-equity-fund","tag-genesis","tag-health-conditions","tag-hedge-fund","tag-hedge-funds","tag-hock","tag-investors","tag-japan","tag-money","tag-peers","tag-queries","tag-reply","tag-singapore","tag-workdays"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=11264"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11264\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}