Singapore eDevelopment fund achieves 10% net return in first year

SINGAPORE (June 15): Singapore eDevelopment (SeD) says its Global Systematic Multi-Strategy Fund has achieved a gross and net return of 15% and 10% respectively in its first year of operation.

The net returns are calculated by its fund administrator, Maples Fund Services.

Global Systematic Multi-Strategy (GSMS) Fund was launched on June 1 last year, and is managed by Hengfai Asset Management (HFAM), a wholly owned subsidiary of SeD’s investment arm, SeD Capital.

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