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

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of