Wednesday, 27 August 2014
Last updated 2 hours ago
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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...