Friday, 27 March 2015
Last updated 4 hours ago
Sep 1 2010 | 12:23pm ET
Two former Mizuho Securities proprietary traders and Japan hedge fund veterans have launched a hedge fund of their own.
Einoshin Arima and Giselle Leung have founded Hong Kong-based Areion Asset Management and launched their debut hedge fund today with US$120 million. The Hareion Fund will invest in between 70 and 100 Japanese stocks, employing both long/short and event-driven strategies, Bloomberg News reports. Between 5% and 10% of the fund will be invested in the rest of Asia or in futures and options hedging.
“I don’t believe that Japan is going to be written off forever going forward,” Arima told Bloomberg. “We view this as a good time for us to start the fund.”
Hareion, which is targeting annual returns of about 20%, will remain closed to new investment for the time being as it builds up a track record. It has a capacity of US$300 million.
Arima and Leung moved to hedge fund GO-TO-ASIA after leaving Mizuho, managing its GTA Atomic Fund. But despite strong returns—80% since its debut in December 2006—the fund was shuttered in May.
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…