Hedge Funds

Paris seeder NewAlpha backs Asian credit fund Blue Rice


NewAlpha Asset Management, the Paris-based global hedge fund incubation specialist, has unveiled its latest strategic investment with a seeding deal with the BRIM Asian Credit Fund managed by Singapore-based Blue Rice Investment Management.

Launched in December 2009, BRIM Asian Credit Fund implements an actively managed, absolute return Asian credit-focused strategy, covering both high grade and high yield securities.

The fund invests primarily in US dollar-denominated Asian debt securities issued by sovereign, financial and corporate issuers. It avoids local currencies, single-name equities and defaulted securities.

The BRIM Asian Credit Fund is managed out of Singapore by a team of