Bermuda-based Investor Select Advisors, a fund of hedge funds, has closed its operation in Singapore, leaving its managing director, Peter Douglas, to return full time to his own consultancy, GFIA.
Douglas joined ISA in June 2001 and was responsible for research and due diligence on the universe of alternative investment managers in Asia ex-Japan including Australasia. In addition, Douglas' role included marketing and sales to institutional investors and distributors in the region.
ISA has left because the Singapore office wasn't profitable, reflecting the difficulties of trying to market a complex investment product to conservative clients. Paul DeVierno, chief investment officer of hedge fund UOB Kay Hian, explains, The investors...
