The founder of APS Asset Management, one of the first Asia-focused hedge fund managers, is giving up the title of chief executive to focus more on investing.Wong Kok Hoi launched APS in 1995 with $15 million and seven employees working in one office in Singapore. Today, the firm has $3.2 billion under management and 54 employees across six offices in Asia and New York.Hoi will relinquish his role as chief executive in September, while retaining...