Pacific World launches fixed-income fund

Pacific World, a Hong Kong-based fund of hedge fund specialist, will soon launch its Fixed Income Strategy Fund, the firm's twelfth fund-of-hedge-fund product. The new fund targets an annualized return of 250bp over Libor, with annualized volatility below 3%. "We've seen a growing demand for fixed-income hedge fund products in Asia, especially from institutional investors such as insurance companies and corporates who are concerned about volatility," says Chris Choy, Pacific World'…