Ex-BlackRock Executive Seeks $700 Million for Credit Hedge Fund

Neeraj Seth , a former chief investment officer at BlackRock Inc.’s Asia Pacific fundamental fixed income team, is looking to raise up to $700 million for a credit hedge fund, aiming to break into a niche where few independent players operate.
3R Investment Management will invest up to 80% in long-short strategy in corporate bonds and loans in Asia Pacific and the Middle East, as well as event-driven opportunities, Seth said in an interview. The fund, which is seeking to raise the money over three years, will target low to mid-teens returns and also invest in private credit deals.