Sparx To Launch Long/Short Asian Hedge Fund

Oct 20 2010 | 3:02am ET

Asia’s second largest hedge fund manager is launching a new fund that seeks to profit from the region’s growth, as it refocuses on its home region.

“We want to become an Asian firm,” CEO Shuhei Abe told Bloomberg News of the US$8.5 billion firm, which has closed its U.S. and U.K. businesses and sold a Hong Kong business over the past two years. One way it plans to do so is with the new Asia long/short fund, which “will be looking for Asia’s winners.”

Sparx aims to launch the fund in the first quarter. It hopes to raise between US$200 million and US$300 million within a year. The Tokyo-based firm has already set up a team of managers and analysts for the fund, which will focus on green technologies, agriculture and food.

Abe said that Sparx is also planning a long-only fund, and that its new Sparx Smart Grid Fund, which invests in green Japanese technology companies, is poised to win a US$200 million mandate from an overseas investor.


In Depth

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Nicky Hilton To Wed James Rothschild

Aug 20 2014 | 5:23am ET

When it comes to husband-material, socialite Nicky Hilton is sticking with finance...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note