Pacific World launches fixed-income fund

Hong Kong-based fund of hedge fund sees demand for low volatility, fixed-income product.

Pacific World, a Hong Kong-based fund of hedge fund specialist, will soon launch its Fixed Income Strategy Fund, the firm's twelfth fund-of-hedge-fund product. The new fund targets an annualized return of 250bp over Libor, with annualized volatility below 3%.

We've seen a growing demand for fixed-income hedge fund products in Asia, especially from institutional investors such as insurance companies and corporates who are concerned about volatility, says Chris Choy, Pacific World's CIO.

The fund will launch with $12 million in seed capital gathered from Pacific World's existing institutional clients. Our fixed-income fund was created to be a replacement for the role of a bond fund or...

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