Tokyo-Based Deutsche Banker Readies Hedge Fund

May 9 2012 | 10:16am ET

A Deutsche Bank derivatives specialist in Tokyo plans to launch a commodities trading adviser this summer.

Ryo Ishiyama's Steinberg Capital Co. will employ the trading strategy he has used to manage his own money. The firm's first fund will be a systematic exchange-traded futures vehicle, with Ishiyama putting up two-thirds of the initial ¥300 million in capital.

That ¥200 million was just ¥60 million six years ago, Ishiyama said, before he deployed his quantitative strategy. Ishiyama said he plans to raise a further ¥700 million in about a year, bring the fund to its ¥1 billion capacity.

"I am only seeking to raise money with the capacity of the strategy and not any more until I enhance the system," Ishiyama told Bloomberg News. "For now, I want to focus on managing private money, which is mostly my own, to build my track record."

Ishiyama said Steinberg will seek to return about 20% annually. He himself, a veteran of Daiwa SB Capital Markets, Citigroup and Morgan Stanley, will officially leave his job at Deutsche Securities at the end of this month.


In Depth

Q&A: George Schultze On His Fund's Unique Approach to Distressed Investing

Apr 16 2015 | 1:01am ET

George Schultze is a managing member of Schultze Asset Management, a long/short...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Minnesota Supreme Court Rejects The Ponzi Scheme Presumption: Lenders Claw Back Some Of Their Own Rights

Apr 17 2015 | 9:23am ET

A recent court ruling in Minnesota has put an end to the Ponzi Scheme Presumption...

 

Editor's Note