Friday, 27 March 2015
Last updated 17 min ago
Nov 18 2010 | 11:34am ET
Japanese hedge fund KTOs Capital Partners is launching a currency fund managed by a new hire from Hathersage Capital Management.
The Tokyo-based firm’s Currency Fund will debut on Dec. 1, seeded with US$5 million from a Japanese pension fund and US$6 million from the firm’s two funds of hedge funds, Bloomberg News reports. KTOs has hired William Lipschutz to run the new offering, which aims to raise US$300 million within a year by targeting Japanese pension funds.
“This currency fund will allow Japanese pensions to hedge their foreign exchange exposures given the low correlation with other asset classes such as bonds and equities,” KTOs founding partner Satoko Koshida told Bloomberg. “The currency market is a great place to diversify investments in this current climate where the global market is getting smaller and more connected.”
The fund will invest in Group of 10 currencies. Lipschutz will manage it from New York.
KTOs currently has US$90 million in assets under management spread across its two funds of hedge funds.
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…