Sunday, 21 December 2014
Last updated 5 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.