SINGAPORE PointWorth Management announced that it will start Boulevard Asia, its first hedge fund in Asia.
Morgan Stanley Asia will be the prime broker for the fund, which was announced Wednesday and will begin trading next month. It is to focus on companies in Australia, Japan, Korea, Brunei, Indonesia, Laos, Malaysia, China, Vietnam, Myanmar, the Philippines, Singapore, and Thailand.
The hedge fund, which will be capped at $100 million, will be managed by PointWorth, which has $120 million of assets under management. The minimum investment is $100,000.