Monday, 27 April 2015
Last updated 47 min ago
Feb 5 2010 | 1:04pm ET
Buoyed by its success in the space, a young Japanese hedge fund firm is planning a new fund focusing on the country’s small-cap companies.
J-Flag Investment Co., which was founded and launched its first hedge fund in June, plans to employ the deploy the strategy behind its successful debut Simplex J-Flag Absolute Return Fund on Japanese companies with market capitalizations of less than ¥30 billion, Bloomberg News reports. Simplex J-Flag’s investments in small-cap funds helped drive its benchmark-beating performance, returning 8.5% over its first seven months, compared to the 4.5% jump in the Jasdaq Stock Index, which tracks small-cap stocks.
J-Flag founder Hisashi Osezawa, a former fund manager at JPMorgan Chase, said he hopes to launch the new fund in April or May with as much as ¥1 billion (US$11 million). Osezawa acknowledges that the fundraising environment is not exactly favorable, but told Bloomberg that he is in talks with several potential anchor investors of the new offshore vehicle.
“Capital-raising remains tough for start-ups like us, but in terms of performance, it was the best time to enter the market,” he said. “We are slowly starting to see some traction from overseas funds of funds now.”
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…