Wednesday, 31 August 2016
Last updated 13 hours ago
Jul 6 2010 | 12:36pm ET
Japanese fund of hedge funds shop Rogers Investment Advisors has won a mandate that will nearly quadruple its advisory assets under management.
The Tokyo-based firm will get US$90 million from an unidentified Japanese foreign investment trust, instantly boosting its advisory assets to US$130 million. The allocation is set to be made on Aug. 1.
Rogers’ Wolver Hill Multi-Strategy Fund is up 3.2% this year, in line with most Japanese hedge funds.
The big mandate “is a sign of on-going alpha opportunities in the Japanese hedge fund space and a result of four years of hard work in building out our business,” firm founder Ed Rogers told Bloomberg News.