Triple A Seeds Japan Long/Short Hedge Fund

Mar 4 2008 | 10:11am ET

Hong Kong-based hedge fund seeder Asia Alternative Asset Partners has made its first investment, seeding the 360 Japan Long Short Fund with an initial US$10 million.

360 is a Japanese equity hedge fund run by John Aylott of 360 Asset Management. The fund, which Aylott will manage from London, launched today.

Aylott said Triple A’s marketing offices in London, Los Angeles and Hong Kong will enable his firm to reach investors globally as he looks to build the fund’s assets up to US$50 million by the end of 2008. Aylott said he expects the fund’s volatility to be considerably less than the underlying market and he will be running a concentrated portfolio of positions, which will be managed in real-time during Japanese market hours.

“The strategy is completely agnostic to market direction,” he said.

Paul Smith, CEO of Triple A Partners, said Aylott is the first of five to six managers which Triple A will partner with this year and he expects to announce another deal within the next few weeks.

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