GCI To Ramp Up Hedge Fund Seeding Operation

Oct 22 2010 | 1:21pm ET

GCI Asset Management, which earlier this year set up a commodities hedge fund with Orix Investment Corp., said it planned to seed at least two more hedge funds helmed by promising Japanese talent next year.

"I do not have a specific target, but would like to launch at least a couple of new funds in 2011," senior fund manager Shinichiro Nagai told Reuters. By the end of next year, he said, GCI hoped to have US$200 million invested in its Japan Alpha series.

That range of funds, which debuted with the launch of the US$40 million Orix Commodities Fund, aims to invest in funds run by promising Japanese hedge fund managers.

GCI currently has about US$400 million in assets under management.

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