FrontPoint to launch new Asian event-driven fund

The boys of hedge fund Kingsmead Capital join forces with FrontPoint Partners.

FrontPoint Partners, the hedge fund platform owned by Morgan Stanley, is launching a new FrontPoint-branded event-driven hedge fund.

The fund is being established by John Foo who will act as portfolio manager. He had a similar role at Kingsmead Capital where he founded an event-driven fund that has now been liquidated. Before then, he was at Indus Capital in Singapore and Guoco Group in Hong Kong.

From the ashes of Kingsmead, he brings with him Edgar Chia, an analyst, and Hubert Yong, a trader. In their new shop they will all be based in Singapore.

Beyond its event-driven strategy, and because of private placement rules, Morgan Stanley Investment Management is not able to tell us more about target size and returns, investor liquidity and fees.

Morgan Stanley's relationship with FrontPoint began in 2006 when it acquired 100% of the equity of the firm. This was great news for FrontPoint, not least because Morgan Stanley agreed to pick up the expenses tab for a multi-year period, and this meant they copped business class travel instead of joining their skint hedgie brethren in the back of the bus.

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