Sunday, 19 April 2015
Last updated 19 hours ago
Sep 16 2010 | 11:42am ET
Singapore-based MAM has been running its Japan-focused hedge fund for less than a year, but it has made the most of that time.
The firm’s Azzy Fund has returned 29% since inception, well in advance of most Japan-focused hedge funds, and has grown tenfold in the same period. The long/short event-driven fund now manages ¥11.5 billion and is up 14% this year alone.
MAM, which got its start as a family office four years ago, plans to reopen the currently-closed Azzy fund—which has a capacity of US$500 million—next year. The firm also plans to launch several other Japan-focused hedge funds in 2011.
“We still see investor demand,” Gen Kato, managing director, told Bloomberg News. “The Japan financial system is efficient and its cost-to-trade is much lower compared with other countries.”
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…