Friday, 27 November 2015
Last updated 1 day ago
Feb 22 2010 | 12:18pm ET
BlackRock, the largest money-manager in the world, will launch an Asian corporate bond fund next month.
The BlackRock Asian Credit Hedge Fund will trade corporate bonds and options, Bloomberg News reports, with an equity-market hedge. And it will not limit itself to the highest-rated company debt, buying both investment grade and high-yield securities.
The new fund will be managed by Neeraj Seth, head of Asian corporate credit at New York-based BlackRock. Seth, who is based in Singapore, came to BlackRock with the rest of fixed-income hedge fund ship R3 Capital Management, which BlackRock bought last year.
BlackRock’s new fund is one of a small but growing number of Asian fixed-income funds. Currently, such funds account for just 2% of Asia’s hedge funds.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…