World's biggest hedge fund returns are found in tiny Singapore

SINGAPORE (Dec 16): 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$24 million ($32.5 million) 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%.