Thursday, 28 August 2014
Last updated 6 hours ago
Nov 18 2013 | 2:34pm ET
A former Millennium Management trader has launched a new hedge fund in his native Japan.
Naoki Iwami's Whiz Partners unveiled its maiden fund in August with about US$150 million. Iwami, who served as a managing director at Millennium in Tokyo, where Whiz is based, hopes to triple that number by the end of March, Bloomberg News reports.
The Whiz Rock Global Macro Investment Fund is up 1% during its first few months, besting many of its peers but underperforming due to a lack of clear direction in the markets, Iwami told Bloomberg. "Bow is the time to persevere given the lack of big trends in the market," the JPMorgan Chase and Nomura Asset Management alumnus said.
Despite the small gain, Iwami said that Japanese institutional investors are beginning to notice the nascent fund.
"We didn't expect that money would come easy given how we're a boutique firm," he told Bloomberg. "We've been asked to continue delivering performance to win their allocation."
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 ...