Sunday, 29 March 2015
Last updated 1 day ago
Jun 9 2010 | 12:53pm ET
With more than a two-year track record under their belt, a pair of veteran Japanese proprietary traders plan to launch a long/short hedge fund next month.
Akira Yaku and Kentaro Ishizaki will manage the new Alithion Japan Fund beginning on July 1. The fund’s strategy was seeded by Tokyo trading firm Marubeni Corp. in February 2008 with ¥2 billion; Yaku and Ishikazi have returned 18% since then.
“Irrational moves taken by investors in crisis situations create the best opportunity for a trading-oriented fund like ours,” Ishikazi told Bloomberg News. “We’ve built up our performance and with the backing of Marubeni, we thought this is a good time to start the fund.”
Ishikazi and Yaku set up Singapore-based Alithion Capital Management in November 2007, more than a year after leaving Mizuho Securities, were they were prop. traders. In addition to Yazu, who serves as CEO, and Ishikazi, who is chief investment officer, Alithion also boasts another former Mizuho prop. trader, Kai Hoshino, as portfolio manager.
The new fund will trade Japan’s 500 largest companies, with between 50 and 100 positions at any time, and an awful lot of turnover. Ishikazi told Bloomberg that about half of the fund’s investments will be traded on a daily basis. Such a fast-paced strategy will benefit from the Tokyo Stock Exchange’s plan to introduce a faster trading system this year.
Alithion is targeting annual returns of between 10% and 15%. The firm hopes to raise ¥10 billion within a year. Deutsche Bank serves as its prime broker.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…