Monday, 27 July 2015
Last updated 6 hours 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…