Asian high-yield fund prepares launch

Singapore''s top performing Asian Debt Fund readies its second product.

The Asian Debt Fund, a Singapore-based hedge fund boutique, is targeting the launch of an Asia ex-Japan high yield hedge fund for 1 October. Fund manager, Moe Ibrahim, says that the new fund will have a capacity of around $500 million and expects the fund to launch with at least $10 million under management.

The new fund is The Asian Debt Fund's second launch. The firm launched its distressed debt fund in January 2004 and has...

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