Thursday, 31 July 2014
Last updated 53 min ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…