Atom Launches Third Long/Short Japan Hedge Fund

Sep 4 2012 | 9:53am ET

Atom Capital Management is hoping that the third time is the charm.

The Tokyo-based firm has launched a new long/short Japan hedge fund, a year after shutting its last one. And it’s doing quite well, having returned 19% on paper since last September.

“Competition has declined for Japan-focused hedge funds, so I’m taking this as an opportunity to deliver the alpha investors want,” Atom CEO Atsuko Tsuchiya, a Citadel Investment Group and Sparx Group veteran and the manager of the fund, told Bloomberg News. “Some interest is returning now. Now I just have to focus on my performance.”

The Atom Japan Fund was seeded with US$10 million; Tsuchiya hopes to raise about US$100 million in its first year and plans to close the fund at US$300 million. Tsuchiya eyes a 15% to 20% annual return, with a portfolio of 40 to 50 names on both the long and short sides.

The fund is the third long/short fund offered by Atom, and it is owned by PFC International. Atom managed a long/short fund for Penjing Asset Management until last year. The fund formerly managed a similar vehicle for Sumisho Capital Management, for which Tsuchiya managed an 18% return in 2008.

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