Friday, 31 October 2014
Last updated 7 hours ago
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Traders form habits quickly. Understanding these and their effects can better equip us to decipher actual market moves.