Goldman Launches Asia Hedge Fund

Sep 19 2013 | 12:42am ET

Goldman Sachs' in-house hedge fund has unveiled a new Asia vehicle.

Oryza Capital launched earlier this month, Bloomberg News reports. The new fund is led by Goldman Sachs Investment Partners' Asia co-heads, Hideki Kinuhata and Ryan Thall.

Oryza is an opportunistic long/short equity fund, which invests throughout Asia, including Australia and Japan. Kinuhata is based in Tokyo, while Thall works out of Hong Kong—where he'll pitch the new fund to potential investors at a Morgan Stanley event next month.

The two currently manage more than US$1 billion in Asian investment for GSIP's global hedge fund, and will continue to do so. Their portfolio has enjoyed annualized returns in the low teens, according to Bloomberg.

Goldman set up GSIP within its Asset Management unit in 2008. The group is led by former proprietary trading chief Ranaan Agus and was designed to allow Goldman to hold on to top trading talent while coming into compliance with the Volcker rule's limits on bank investments in hedge funds.


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