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 since been one of Asia's top performing hedge funds returning 26.2% net of fees for 2004. The distressed fund currently stands at $165 million and is soft closed.

Ibrahim says that...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222