Japanese Hedge Fund Hires N.Y. Manager For Currency Launch

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.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs 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…

Editor's Note