Geronimo Offers Japanese Retail Investors Absolute Return Funds

Feb 6 2007 | 2:54pm ET

Geronimo Financial, which provides absolute return strategies in a daily, liquid, mutual-fund format, is betting that Japanese retail investors would take the plunge into hedge funds.  The firm has teamed up SBI Asset Management, a Japanese financial services firm, to offer two Geronimo funds to Japanese investors.

SBI has launched the SBI Absolute Return Fund, which will allocate exclusively to the Geronimo Multi-Strategy Offshore Fund, which has exposure to long/short, event-driven, distressed-debt, market-neutral, arbitrage and macro strategies, and the Geronimo Sector Opportunity Offshore Fund, which provides long/short exposure to global sectors, styles and asset classes.

The SBI Absolute Return Fund is listed in Japan as a daily liquid investment trust, and is being marketed only to Japanese investors through SBI Asset Management's broker/dealer subsidiaries and other Japanese brokerage firms including, SBI E*Trade Securities and SBI Securities. The minimum investment in the fund is ¥100,000 (US$830).

The fund is seeking positive annual returns with low correlation to the Nikkei stock index and Japanese bond market. "The demand for convenient absolute return vehicles is a global phenomenon and we are proud to work with SBI to provide this much-needed solution to Japanese investors," stated David Prokupek, Geronimo’s founder.

In other firm news, Geronimo is contemplating launching a managed futures fund in a mutual fund format later this year, according to its spokesman. The futures fund would provide daily liquidity and NAVs.   

Geronimo Financial was founded in 2002 and is currently advising on more than $450 million in assets. SBI is an investment trust management & investment advisory services firm and is considered one of the core companies of the SBI Group's asset management business in Japan.


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

Securities and Exchange Commission Chair Mary Jo White will step down as chair of the nation’s Wall Street overseer in January, setting the stage for a potential conservative shift in the regulator’s leadership under the incoming Donald Trump administration.