Japan’s Tsuchiya Plans Event-Driven Fund Under New Gov’t.

Jan 11 2010 | 2:49am ET

Two unusual phenomena—a female Japanese hedge fund manager and a new Japanese government—are set to result in a new event-driven hedge fund in the country.

Atsuko Tsuchiya, who ran the since-closed Atom Japan Equity Fund for Sumisho Capital Management until last year, plans to launch the new fund in March with about US$20 million, Bloomberg News reports. The Atom Japan Alpha Fund aims to take advantage of policy changes set to be enacted by the government of new Japanese Prime Minister Yukio Hatoyama, whose election in August ended more than 50 years of almost uninterrupted rule by the country’s conservative Liberal Democratic Party.

Hatoyama has promised to pursue a more environmentally-friendly policy than his predecessors, and has targeted a 25% reduction in greenhouse gas emissions over the next 10 years. But members of his party have also proposed sweeping financial reforms, including a ban on listed subsidies that could affect about 400 listings on Japanese exchanges.

“Ask me if I’m bullish on the Japanese market as a whole, and I’d say ‘not yet,’” Tsuchiya said of the world’s worst-performing developed economy last year. “But for event-driven strategies, the direction of the market doesn’t really matter. The government has become a trigger for corporate events because companies may have to change tack as policy shifts.”

Atom Japan Alpha will invest in between 60 and 80 names, and feature an equity long/short overlay.

The fund will be owned by Gordian Capital Singapore, managed by Tsuchiya’s Atom Capital Management and seeded by Hong Kong-based Penjing Asset Management. The fund will have a capacity of approximately US$500 million.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Top 5 Predicted Outcomes Of CalPERS' Hedge Fund Divestment

Sep 22 2014 | 8:35am ET

CalPERS’ announcement to divest of hedge funds has created a significant buzz...

 

Videos

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.