Saturday, 5 September 2015
Last updated 7 hours 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…