Retail hedge fund firm Superfund has launched a new managed futures fund targeting Japanese investors with hopes of raising US$100 million.
The new Superfund Blue Japan fund became available to Japanese retail investors today, Bloomberg News reports. The Cayman Islands-based firm called the vehicle the first publicly-offered equity-market neutral fund in Japan.
“Japanese investors had to look for other opportunities much earlier than other global countries,” Johann Peter Santer, president of Superfund Securities Japan, told Bloomberg. “Japan has a high passion and sophistication for systematic trading.”
The new fund—Superfund’s third in Japan—will invest in liquid global equities using a quantitative model. It will also make short bets on futures indices. The fund has enjoyed theoretical annualized returns of 11.52% over the past three years, and will be available in both yen- and gold-denominated share classes.
The gold share class has posted a 40% return in simulated trading this year.
Superfund hopes to roll out similar vehicles in the U.S. and Austria, although it is unclear when those funds would be launched.