Hedge fund Artradis pummeled by bad volatility bets
Friday, December 11, 2009 : PermalinkReuters – Hedge funds may be on track to post their best returns in a decade this year, but Singapore-based Artradis Fund Management won’t be joining the party.
Redemptions and a dismal showing by its flagship volatility funds, which were star performers during the worst phase of the financial crisis, have wiped out about $2 billion, or half, of Artradis’ total assets and cast doubt on the prospects of one of Asia’s largest hedge funds groups.
