Japan's Vivace Looks To Triple Pension Assets

Oct 8 2010 | 10:46am ET

Hedge fund Vivace Capital Management is eyeing local Japanese pension funds as it aims to boost its assets under management.

The Tokyo-based firm said it plans to double the number of its pension fund clients to 10 and the assets it manages on behalf of such schemes to ¥50 billion. Vivace currently manages ¥15.5 billion for four pension funds, and is adding ¥1 billion from a fifth this month.

"Japanese asset-management firms are focusing on pension clients now since their portfolios have been hard hit from the declines in Japanese stocks," Takeshi Ueno, president, told Bloomberg News. "For us to survive, we realized that we need to shift gears to focus on a growing market after realizing our hedge funds weren't quite capturing their needs."

Instead, Vivace will offer tailored separate accounts to pensions, hoping to offer 5% in addition returns.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR