Tuesday, 1 December 2015
Last updated 2 hours ago
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%.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…