Blue Rice's Asian credit fund gleans NewAlpha investment

Singapore-based Blue Rice Investment Management (Brim) has received an investment from hedge fund incubator NewAlpha Asset Management in a deal that will help bring European investors to its credit-focused fund while providing the Paris-based seeder with much-wanted exposure to Asia. NewAlpha’s undisclosed investment in the Brim Asian Credit Fund brings its assets under management to just under $60 million, which is double the $30 million in AUM the absolute return strategy manage…