Mizuho’s Five-Year Plan For CTA: ¥100 Billion

Sep 2 2009 | 12:54pm ET

Japan’s Mizuho Corporate Bank has big plans for its flagship commodity trading advisor.

The bank plans to increase the size of the Crystal Japan Fund, managed by Mizuho’s U.S.-based Mizuho Alternative Investments, eightfold over the next five years, to ¥100 billion (US$1.1 billion), Reuters reports. The firm hopes to more than double the size of the hedge fund this year alone, from ¥13 billion (US$139.7 million) to ¥30 billion (US$322.3 million).

Mizuho plans to drum up business from Japanese pension funds and institutional investors, including regional banks, as it seeks to attract assets to the CTA. A major selling point is likely to be Crystal Japan’s huge return last year. The fund bucked the hedge fund downturn, soaring 42.39%.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...