Modular Asset Management (Singapore) Pte named Northern Trust Hedge Fund Services as administrator for its newly launched Cayman Islands-domiciled Modular Asian Macro Fund and related entities.
Modular spun out of Millennium in January as one of Asia’s largest hedge fund launches recent years with close to $1 billion in assets under management.
Jimmy Lim founded the fund after running similar specialist Asian mandates at Millennium, BlueCrest and J.P. Morgan. The Modular Asian Macro Master Fund is a pure-play Asia macro strategy aiming to provide uncorrelated absolute returns by investing in liquid . . .
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