Riley Paterson closes fund to investors after growth

Riley Paterson Investment Management Pte says it closed its Asian hedge fund to investors after assets under management swelled 15-fold to $300 million. Commenting on the move, [Assoc Prof] Melvyn Teo, who's Director of the BNP Paribas Hedge Fund Center at Singapore Management University says it's a sign that money is coming back into the industry.