Japan Banking Vets Ready Global Macro Hedge Fund

Nov 30 2011 | 12:23pm ET

A pair of former bankers are to launch a global macro hedge fund early next year.

Masaru Koibuchi, formerly at Goldman Sachs, and Kazuho Suzuki, late of Mizuho Corporate Bank, have founded Edgebell Capital Co. in Tokyo. The firm's maiden hedge fund, the Global Macro Strategy, will debut in February with ¥2 billion (US$26 million) in initial assets.

Koibuchi, chief investment officer of the new firm, and Suzuki, chief operating officer, have managed the strategy since April under a limited offering. The fund returned 3.9% in its first five-and-a-half months of trading, while the Nikkei 225 Stock Average plummeted 10%.

Edgebell targets 10% to 20% annual returns investing in stock indices, G7 bonds, currencies and commodity exchange-trading funds. The strategy also features strict loss-cut rules.

While the fund's investors are currently all wealthy Japanese, Edgebell plans to set up an offshore fund to allow foreign investors a piece of the new fund.

"We are seeing demand from investors abroad who are looking to invest in global macro funds that are based in yen," Suzuki told Bloomberg News. "Because not many are running a global macro fund, this is the time for us to start."

Koibuchi and Suzuki met in the early 1990s at Industrial Bank of Japan. Suzuki stuck with the firm, which became part of Mizuho Financial Group, eventually rising to head equity index investments for Mizuho Corporate. Koibuchi went on to serve as head of derivative structuring at Lehman Brothers in Tokyo before joining Goldman, where he rose to become head of corporate derivatives structuring in Japan.


In Depth

Q&A: Open Season For Closed-End Funds

Aug 29 2014 | 10:00am ET

When Maury Fertig and Bob Huffman, former Salomon Brothers coworkers, launched...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    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…

 

Futures Magazine

July/August 2014 Cover

The time was right

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 ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.