Alphex Chief To Join Bayview, Close Firm

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.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...