Second generation hedge fund launches in Singapore

Creo Capital''s pan-Asian long/short fund will begin trading with $20 to $25 million.

A new Singapore-based hedge fund manager, Creo Capital, will shortly launch its Creo Asia LongShort Offshore Fund. The fund will be long-biased, focusing on large cap, liquid stocks in Asia including Japan.

Creo's principal and portfolio manager, Ed Strover, previously ran money for Japan-based Asian hedge fund Speedwell. Industry participants say Strover's track record classifies Creo as a second generation start-up and should encourage investors to put money into the fund in its early stages.

Strover says the fund will launch on June 15 with friends and family money of about $20 milion to 25 million. However, he is cautious when discussing capital raising,

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