Sparx Launches Soros-Inspired Macro Fund

Sep 1 2009 | 1:32pm ET

The troubled Sparx Group, Asia’s largest hedge fund manager, is looking to one of the most successful hedge fund investors ever to help it turn around.

The Tokyo-based firm has launched a fund utilizing a strategy similar to that of George Soros’ Quantum Fund. The new global macro vehicle, Sparx’s first, is the first of several new products that Sparx plans to offer in the wake of its first-ever annual loss.

The Sparx Global Markets Fund debuted on Aug. 12 with ¥900 million in proprietary capital, Bloomberg News reports. The firm is planning to open the fund, which has a capacity of between ¥50 billion and ¥100 to outside investors, in particular domestic institutional investors.

“In the wake of the global market crisis, we must expand our investment domain to meet the needs of our clients,” Masaki Taniguchi, president of Sparx Asset Management, said. “In order to do that, getting into a strategy that has less competition makes sense to take up market share in that strategy.”


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...

 

FINalternatives Trending

From the current issue of