trending Market Intelligence /marketintelligence/en/news-insights/trending/l8ub1orgys6a-twwz7wx-w2 content
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.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Singapore's Saka Capital closes hedge fund

How 37 Years of Default Data Can Prepare Us for the COVID-19 Fallout

US Pushes Pedal To The Metal On Broadband Speeds Ahead Of COVID-19 Outbreak

Broadband-Only Homes Surge To 25% Of US Households Ahead Of COVID-19 Crisis

Pandemic Causing Wildly Different Outcomes Across Media Sectors

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.