Minerva Creates Multi-Manager Strategy

Oct 13 2006 | 3:31pm ET

Minerva Alternative Strategies, a new CPO/CTA, has recently been formed to create multi-manager funds for Japanese institutional investors. New York-based Minerva will focus on the global macro/CTA style and strategy. The firm, a wholly-owned subsidiary of Mitsubishi Corp., is sourcing the managers, performing due diligence and constructing the portfolios, while the marketing is being done out of its Tokyo office.

Eric Golberg, portfolio manager for the new firm, said that Mitsubishi currently has one fund in place and has provided a significant amount of proprietary capital to invest in managers on a test basis prior to placing managers in the fund. He said that Minerva was formed to enhance the management of this fund and anticipates creating additional multi-manager funds for Japanese institutional investors.

"There has been a demand for this over the years, and that demand is increasing," said Golberg, who joined the firm last December from JPMorgan.

He explained that he looks for managers with solid performance, and is flexible concerning AUM and length of track record. The majority of managers that Minerva follows are based in the U.S., U.K., and Europe.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Why Is The Shipping Industry Underwater?

Jul 31 2014 | 7:31am ET

Anyone who’s taken a look at the global shipping industry recently probably knows...

 

Publisher's Note