Ex-Morgan analyst launching hedge fund

Northpoint joins a growing clique of Korea-focused hedge funds.

Northpoint will shortly be launching its first fund, an Asia equity longshort fund with a Korea focus. Nam Ki Hong, Northpoint's managing partner and ex-head of Korean research at Morgan Stanley, says the fund will be market neutral with at least 40% of its investments in Korean stocks at any one point.

The fund will be targeting a per annum rate of return of 20% before fees, with a volatility of 10%.

Northpoint will...

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