World’s best hedge fund returns are found in tiny Singapore

Chong Chin Eai, fund manager at Vanda Global Fund Ltd., enjoying a day out in the park. Vanda, started with US$24mil from friends and family and named after Singapore's national orchid, is the world's best-performing hedge fund this year, gaining more than 300%. - Bloomberg

SINGAPORE: On most mornings, Chong Chin Eai starts his day with a jog through Singapore’s Botanic Gardens. After taking his son to school, he trades futures on his laptop at home until it’s time for lunch, after which he might have a massage or perhaps a nap. If that sounds snoozy, Chong’s returns are anything but.

His Vanda Global Fund Ltd, started with US$24mil from friends and family and named after Singapore’s national orchid, is the world’s best-performing hedge fund this year, gaining more than 300%.