Blue Rice winds down amid "structural limitations"

Blue Rice Investment Management (Brim) is closing its two credit-focused funds and will return capital to investors by the year-end after navigating volatile and uncertain markets this year, says founder Guan Ong. The Singapore-based firm has been running its flagship Asian Credit Fund since 2009 and launched the Brim Asian Short Duration Fund in June this year, with total AUM across both strategies less than $100 million. The Asian Credit Fund, which runs most of Brim’s capital…