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BlackRock Said to Plan Asia Credit Hedge Fund to Start in March

Date: Monday, February 22, 2010
Author: Bloomberg

BlackRock Inc., the world’s biggest asset manager, plans to start a hedge fund to trade corporate bonds in Asia, two people with knowledge of the matter said.

The New York-based manager will launch the BlackRock Asian Credit Hedge Fund in March, the people said, asking not to be identified because the information is private. Neeraj Seth, the Singapore-based head of Asian corporate credit, will oversee the fund, they said. Seth declined to comment.