Singapore start-up launches small cap fund

Binjai Hill, a Singapore-based hedge fund start up, is preparing to launch its equity long/short Asian small cap fund. The aptly named Asian Acorn Fund is due to launch in mid June and will invest in small- and mid-cap stocks (between $250 to $1 billion in size) in Asia ex-Japan. "We're a directional long-biased fund," says Justin Kendrick, one of Binjai Hill's three principals. "Although we take a bottom up approach, we're not purists. We will take macro factors into consideration…