Legal & General Pull Plug On Japan Equities Hedge Fund

Dec 21 2009 | 3:09pm ET

The Asian hedge fund industry may be turning around, but Legal & General Investment Management won’t be a part of it.

The firm is closing its US$36 million Japan Alpha fund, a long/short equity vehicle launched in 2004. LGIM has appointed a liquidator for the fund, Investment Week reports.

Japan Alpha fell 18.3%, in line with the average hedge fund, but was up only 0.9% through the first five months of this year.


In Depth

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

AIMA: How The U.K.'s SMCR Will Affect U.S. Firms

Jun 20 2017 | 6:29pm ET

U.S. investment managers need to think seriously about how tough new U.K. conduct...

 

From the current issue of