Friday, 29 August 2014
Last updated 1 hour ago
Jul 29 2008 | 9:14am ET
A division of Japan’s biggest bank is planning a fund of hedge funds, focusing on managers who thrive when the going gets tough.
Mitsubishi Asset Brains Co.—which is owned in part by Mitsubishi UFJ Financial Group—hopes to begin advising a fund of funds within the next two or three years, Akihiro Nishi, executive director of its investment advisory division, told Bloomberg News. The fund will seek out managers who perform well in falling markets, and will invest in both Japanese and offshore funds, including those in the U.S.
MAB is designing the fund for high net-worth individuals, Nishi said.
“We’re looking at fund managers with high investment skills, especially at boutique firms, for the fund of hedge funds,” Nishi told Bloomberg. “When the overall market is bad, some hedge funds tend to stand out in the crowd.”
He added that the firm had hired a hedge fund manager, who starts next month.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...