Octagon hedge fund firm returning outside money, converting to family office

Hong Kong

OCTAGON Capital Management Pte, a hedge fund firm started by former Government of Singapore Investment Corp executives, will return all client money in its two funds and convert to a family office, joining a rising number of managers going back to running in-house capital.

Investors will receive their money early next month, co-founder Lam Poh Min said in an instant message exchange from Singapore. Mr Lam and other Octagon…