Sunday, 29 March 2015
Last updated 1 day ago
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…