Tiger Backs Nezu Asia, Seeds Two Funds

Jan 24 2011 | 11:59am ET

Just because Julian Robertson appears to be preparing to relaunch his legendary hedge fund Tiger Management does not mean he'll stop seeding his former protégés.

Tiger has agreed to pour US$50 million into a pair of funds run by Nezu Asia. The two funds are managed by Tiger veteran David Snoddy and Sohei Taki. Both men will work at Tiger's offices in New York.

The seed capital will bring the Neza Asia Fund's assets up to US$100 million and the Japan-focused Nezu Kuma Fund up to US$25 million, Reuters reports. Unlike many of Robertson's previous investments with Tiger cubs, this one isn’t with a startup: Hong Kong-based Neza Asia is more than a decade old and had more than US$1 billion in assets under management three years ago, but now manages about US$400 million.

The firm hopes that its link with Tiger will help it double that figure by the end of the year, and it plans to add a marketing executive in New York. The firm currently employs 28 in Hong Kong, Singapore, New York and Japan.

"We anticipate that our strategic partnership with Tiger will improve our ability to access capital and strengthen our entire suite of funds," Richard Kincaid, chief operating officer, told Reuters.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...