Hedge Fund News From HedgeCo.Net

Ex-FrontPoint Foo plans $50 mln Asia hedge fund

Reuters – Former FrontPoint portfolio manager John Foo is preparing to launch an Asia-focused hedge fund that will start trading with about $50 million (32 million pounds) on March 1 in Singapore.

The Asia ex-Japan long/short Kingsmead Asian Alpha Opportunities Fund will be value-driven and offer fee discounts to initial investors as it seeks to grow assets in a tough capital-raising environment for hedge funds in the region.

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