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

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note