T&D Shutters Japan-focused Fund

Oct 14 2011 | 8:27am ET

T&D Asset Management, an arm of the Japanese insurer T&D Holdings, has closed the $27 billion Japan-focused hedge fund it launched in 2010.

The T&D Japanese Equity Long&Short Fund, which launched with about $9.1 million in June of last year, was closed in September due to higher-than-expected trading costs, reports Bloomberg, citing “four people familiar with the matter.”

The sources said costs related to executing stock trades resulted in a negative performance for the fund.

Susumu Tominaga and Kazuko Yuzaki, who left Tokyo-based hedge fund research firm Yunzei Investment Research to oversee the T&D fund, have both left the company. 


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of