Friday, 22 August 2014
Last updated 8 hours ago
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.”
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note