Sunday, 2 August 2015
Last updated 1 day ago
Mar 14 2014 | 12:40pm ET
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…