Kay To Oversee City Financial's Expanding Asian Operations

Jan 7 2014 | 10:01am ET

London-based investment manager City Financial Investment Company has tapped Philip Kay to head its expanding Asian operations.

Kay joined City Financial in 2012 when it bought PCE Investors where he'd served  as portfolio manager of two offshore non-retail Japanese equity funds—the $400 million Akamatsu Fund and the $67 million Akamatsu Bonsai Fund. Kay will continue to manage these funds.

Kay has over 17 years’ experience running large global equity platforms in the Asian markets, having previously worked at Credit Suisse First Boston as head of the Japanese global cash equity division and before that was head of Asia at Schroder Securities and Smith New Court.

Kay will be busy, to judge by City Financial's growing interest in the region: In December, the firm launched a Japanese equity UCITS fund, the City Financial Japanese Opportunities Fund, to be managed by Peter Nicholas, who has over 25 years’ experience managing Japanese equity funds, including eight years working in Tokyo.

The firm also recently hired Geoffrey Barker and his team to manage City Financial’s new Asian macro fund, to be launched in Q1 2014. This will be a joint venture with City Financial Investment Company (Hong Kong).

Andrew Williams, City Financial's CEO, said in a statement: “With Philip’s extensive knowledge of the Asian markets, we felt this was a natural progression of his role at City Financial as we continue to expand our Asia proposition. The launch of the Japanese Opportunities fund in addition to the Asian macro fund reinforces our commitment to the region and to providing the best investment opportunities for our clients.”

City Financial took over investment management responsibilities for the funds and related managed accounts of Cumulus Asset Management, PBG Capital and Wiltshire Capital in 2012 in a deal that also saw the transfer of PCE’s operational infrastructure and employees to City Financial’s investment management business.

City now also runs two climate change funds—the Cumulus Fahrenheit Fund and the Cumulus Energy Fund—formerly run on the PCE Investors platform.


In Depth

Q&A: Neil Azous Talks Global Macro Investing

Nov 24 2014 | 12:41pm ET

Neil Azous is the founder and managing member of Rareview Macro, an advisory firm...

Lifestyle

Griffin Selling Chicago Apartment

Nov 26 2014 | 11:40am ET

Citadel Investment Group’s Kenneth Griffin is making clear to his estranged wife...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

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.