Pacific World launches Asian fund of hedge funds

Hong Kong-based Pacific World Asset Management will soon launch an Asian fund of hedge fund product. The firm, founded by Chris Choy, has been managing fund of hedge fund portfolios since 1998 and has assets over $800 million, making it one of Asia's oldest and largest home-grown fund of hedge funds managers. Despite its Asian location, it has traditionally not invested in Asian hedge funds, focusing instead on low volatility global arbitrage portfolios.