Reported about 5 hours ago
Neeraj Seth, a former chief investment officer at BlackRock, is looking to raise $700 million for a new credit hedge fund, focusing on corporate bonds and loans across the Asia Pacific and Middle East regions. Targeting low to mid-teens returns over three years, the fund aims to capitalize on emerging opportunities as Asian credit markets recover. With backing from family offices and discussions with investors already underway, Seth highlights the increased interest in Asian credit hedge funds amidst a shifting landscape after recent bond defaults in the property sector.
Source: YAHOO