A new Japan-focused hedge fund helmed by three Goldman Sachs veterans is off to a very fast start.
Golvis Investments’ maiden Asia Opportunities Fund returned 38% from its debut on Jan. 6 through the end of February, Bloomberg News reports. The gain stands in stark contrast to the average Japan-focused hedge fund, which fell 1.2% in the first two months of the year, according to Eurekahedge.
The Singapore-based fund rose 8.5% in January and 27% last month. Golvis’ relative-value strategy was credited for the former, and its fundamental stock-picking strategy for the latter.
Golvis was founded last year by Koji Gotoda, Takayuki Kasama and Taiichi Hoshino. Gotoda was head of Asian convertible bond trading at Goldman, Kasama co-head of Japanese credit trading and Hoshino a managing director focused on fund structuring and marketing in Tokyo.
The firm now employs 12 people, all Goldman vets who formerly worked under Gotoda and Kasama, in Singapore and Tokyo.