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.