Triple-A Sees Big Things For Japanese Hedge Funds

Mar 5 2010 | 2:52am ET

The sun may be rising on hedge funds in the Land of the Rising Sun, according to hedge fund seeder Asia Alternative Asset Partners.

Investors have steered away from Japanese hedge funds for several years. Some are still wary of funds in the country, one of the hardest hit by the financial crisis, acknowledges Roger Pyrke, deputy CEO of Triple-A.

“While some investors don’t want to touch Japan after past disappointments, we’ve had a lot more investors saying this is the year of Japan,” Pyrke told the Reuters Private Equity and Hedge Funds Summit. “Many institutions are massively underweight Japan and think its time to get up to neutral weighting on the country.”

Triple-A certainly thinks the small inflows Japanese hedge funds have seen this year are only a taste of things to come. The firm has signed a marketing and distribution deal with Sparx Asset Management, the Tokyo-based firm that is Asia’s largest hedge fund manager, to sell its products outside of Japan.

“It’s a good time for us to be making deals,” Pyrke said. “The terms are much better than they were two years ago.”


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

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

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.