NewAlpha Asset Management has invested in a bond fund run by Guan Ong, the former CIO of Korea Investment, Reuters reports. The Paris-based hedge fund incubator has not disclosed the amount it has invested in the Blue Rice’s BRIM Asian Credit Fund.
The NewAlpha investment is a part of the strategic partnership between the company and Singapore-based Blue Rice Investment Management. Other investors in the absolute return portfolio, which was launched in December 2009, include Woori Absolute Partners, an affiliate of South Korea’s Woori Financial.
