trending Market Intelligence /marketintelligence/en/news-insights/trending/l8ub1orgys6a-twwz7wx-w2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Singapore's Saka Capital closes hedge fund

Shareholder Advocates Say New SEC Policy To Prompt Litigation, Less Transparency

Groups Urge Business Roundtable CEOs To Act On New Corporate Purpose Declaration

State of South Korean OTT Video: Subscription

Global Streaming Media Device Sales Forecast To Flatten In 5 Year Outlook


Singapore's Saka Capital closes hedge fund

Singapore-based Saka Capital is closing its credit hedgefund amid record-low interest rates, Bloomberg News reported Oct 12, citing theasset manager's CEO, Assan Din.

The asset manager is liquidating its SakaCapital LiquidCredit Fund and will return money to investors, said Din. The fund, which sawits assets peak at US$350 million in 2012, stopped trading in July.

Din said it was difficult to generate sensible returns in aliquid long-short credit fund in a zero-rate environment. He noted that SakaCapital decided to close the fund as returns going forward were expected to be5% or lower.

The closure of the fund follows several other fund closuresin Asia as investors withdraw money amid dwindling returns. Tudor InvestmentCorp. closed its Singapore trading desk, while Sumitomo Mitsui Trust HoldingsInc. is closing aJapan-focused hedge fund.