Sunday, 31 August 2014
Last updated 1 day ago
Oct 3 2011 | 1:29pm ET
A Morgan Stanley strategist is set to launch a hedge fund investing in a country he famously deemed "irrelevant" a decade ago.
Alexander Kinmont has founded Milestone Asset Management Co. with plans to launch his first hedge fund later this month. Tokyo-based Milestone is already running a long-only fund.
The long/short fund is still in the planning stages, Kinmont, who left Morgan Stanley MUFG Securities in July, told Bloomberg News.
"We're starting the fund now because Japan is cheap for the first time in a generation," Kinmont said. "The fundraising environment is extremely difficult, but experience shows when it's difficult to raise money, it's usually the case that capital can be invested at attractive returns."
That sentiment is quite a turnaround for the man who, in 2002 while at Nikko Citigroup, wrote a research report entitled "The Irrelevance of Japan," which called the country little more than "a laboratory experiment concerning deflation." But he changed his mind two years ago, offering a new report entitled, obviously, "The Relevance of Japan."
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...