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Ex-Credit Suisse Trader’s Asia Macro Hedge Fund Returns 20%

Splendid Asia Macro Fund, run by a former Credit Suisse Group AG trader, returned 20 percent this year through April as it bought Asian currencies, fixed income and equities, and sold the yen amid the European crisis.

The fund, whose trades focus on Asia, now has $60 million in assets from $40 million when it started in July, said Charlie Chan, the founder of Singapore-based Charlie Chan Capital Partners Pte. Splendid Asia has returned about 14 percent since inception through April, he said.