Morgan Stanley Veteran Readies Japanese Equity Hedge Fund

Mar 28 2013 | 11:40am ET

After three years of managing his own money to build a track record, a former Morgan Stanley money manager is ready to take on outside investors.

Tsukasa Shimoda's Galleyla Investment Co. will launch its maiden hedge fund on Monday. The new fund will employ a long/short equity strategy focused on Japan, eyeing annualized returns of between 15% and 25%, Bloomberg News reports. Shimoda will invest in between 60 and 150 names, using a combination of technical and fundamental analysis.

Shimoda has been managing his own money since leaving Morgan Stanley Assets & Investment Trust Management Co., where he was a fund manager, in 2009. Between February 2010 and January, he managed a return of 91% with the strategy he plans to deploy in the new UMJ Galleyla Fund, he said.

"There is a strong upward trend in Japan right now," Shimoda said. "The fact the Japanese stock market is under the spotlight is a positive for hedge funds."

The fund will debut with about ¥1 billion (US$11 million) in initial assets, some of it provided by a foreign fund of hedge funds, and will close to new investment at about ¥20 billion. Tokyo-based Galleyla will serve as its investment adviser, which United Managers Japan the investment manager.


In Depth

Hedge Fund Selection: Sussex Partners’ Patrick Ghali Bullish On The Best Of The Best

Oct 2 2014 | 5:56am ET

Ten years ago, Patrick Ghali and Robin Nydes co-founded Sussex Partners with the...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Appraisal Ratio Key To Evaluating Hedge Funds And Other New Investments

Sep 29 2014 | 3:07pm ET

As a former finance professor Peter Hecht experiences heartburn every time he hears...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

September 2014 Cover

High frequency market making

High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...

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.