Bloomberg – Riley Paterson Investment Management Pte said it closed its Asian hedge fund to investors after assets under management swelled 15-fold to $300 million.
The Riley Paterson Asian Opportunities Fund returned 14 percent this year through November, Stewart Paterson, the Singapore-based firm’s co-founder, said today in an e-mailed reply to queries from Bloomberg News. That extends a 21 percent gain in 2008, which was the second-highest return in the region.
