Saturday, 10 October 2015
Last updated 8 hours ago
May 17 2010 | 11:46am ET
Japanese hedge fund Alphex Investments is shutting down, with its team and fund moving to Bayview Asset Management.
Alphex President and fund manager Ichiro Takamatsu and two Alphex analysts will join Bayview, also based in Tokyo, in July. Alphex will close next month.
Takamatsu decided to shutter his own firm and move to a larger operation due to “difficulties” he had managing both his fund and his firm, Bayview CEO Ken Yagi told Bloomberg News. The arrangement will “remove his role in top management and allow him to just focus on managing his fund and be a stock brat.”
Bayview is launching a new long/short fund for Takamatsu with ¥1 billion. Some of that money will come from the Alphex fund, which manages ¥1 billion itself. The new fund will have a capacity of ¥30 billion.
The Alphex analysts joining their boss at Bayview are Masamitsu Okhi and Sanae Saga.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…