StormHarbour Invests In Japanese Hedge Fund Asuka

Jun 27 2014 | 9:10am ET

Investment bank StormHarbour securities has bought a large stake in hedge fund Asuka Asset Management, three years after the Tudor Investment Corp. spin-off bought a stake in StormHarbour.

StormHarbour has agreed to buy 49% of Japan’s Asuka, Bloomberg News reports. As part of the new arrangement, Asuka CEO Mamoru Taniya will become a managing principal at StormHarbour in charge of its asset management business.

StormHarbour last year hired a former Morgan Stanley executive, Kazunobua Ezawa, to pursue expansion through acquisition in Asia, especially Japan. Asuka has about ¥20 billion (US$200 million) in assets under management and boasts a primarily Japanese client base.

The hedge fund hopes to use its new connection to StormHarbour to quintuple its assets under management within two years.

Three years ago, Asuka bought an 8% stake in StormHarbour’s Tokyo-based securities business, StormHarbour Japan.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of