Asian high-yield fund prepares launch

The Asian Debt Fund, a Singapore-based hedge fund boutique, is targeting the launch of an Asia ex-Japan high yield hedge fund for 1 October. Fund manager, Moe Ibrahim, says that the new fund will have a capacity of around $500 million and expects the fund to launch with at least $10 million under management. The new fund is The Asian Debt Fund's second launch. The firm launched its distressed debt fund in January 2004 and has since been one of Asia's top performing hedge funds retu…