Ex-Morgan analyst launching hedge fund

Northpoint will shortly be launching its first fund, an Asia equity long/short fund with a Korea focus. Nam Ki Hong, Northpoint's managing partner and ex-head of Korean research at Morgan Stanley, says the fund will be market neutral with at least 40% of its investments in Korean stocks at any one point. The fund will be targeting a per annum rate of return of 20% (before fees), with a volatility of 10%. Northpoint will launch its fund with less than $5 million under management, mos…