Blue Rice’s dollar-denominated Asia credit fund gains traction


BRIM Asian Credit Fund, the flagship strategy of Singapore-based Blue Rice Investment Management, has reached an AUM of about $30 million, raised from Asia-based institutional investors that include a large bank and family offices, according to founder and CEO Guan Ong, who is also former CIO of sovereign wealth fund Korea Investment Corp.

Guan Ong

The absolute return Asian credit fund is on track to achieve its targeted 10-15% this year with a volatility of about 5%. It was launched last December and invests in dollar-denominated, liquid Asian bonds that are high-grade or high-yield with