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CastleBay To Shut Asian Hedge Fund
Singapore-based CastleBay Capital Management will close its Asian hedge fund after failing to attract enough capital.
Singapore-basedCastleBay Capital Managementwill close its Asian hedge fund after failing to attract enough capital,Bloombergreports. TheCastleBay Asia Long/Short Equity Fundis managed byJustin Pollockand has $7 million in assets.
Pollock will return money to investors after gaining less than 1% in the first three months of 2011. The fund returned about 10% from April 2010 through December 2010. Pollock was a former portfolio manager atGalleon Group.
Click here for the story fromBloomberg.