Japan’s OGI Plans Global Macro Fund Run By Lehman Vet

Sep 3 2009 | 1:13pm ET

OGI Capital Partners, the five-month old Japanese hedge fund shop, is wasting little time building up a stable of products. The Tokyo-based firm is readying its third hedge fund, a global macro vehicle, hiring a Lehman Brothers veteran to lead it.

Allan Bedwick, who ran global macro trading at Lehman’s global opportunities proprietary trading group, joined OGI last month. His new fund, which is set to debut this month, has been seeded with ¥3 billion from an overseas institutional investor, Bloomberg News reports.

The OGI Global Macro Fund will focus on Asia, where there is a paucity of hedge funds running the strategy. Two-thirds of the fund’s investments will be made in the region.

“In the current global economic landscape, you cannot rule out the significance of Asia,” OGI head of fund management Naoya Takahashi told Bloomberg. “Having an Asia-focus will also mean lower correlation with other global macro funds that are mostly run out of the U.S. or Europe.”

OGI’s global macro fund, which is domiciled in the Cayman Islands, has a capacity of about ¥60 billion, Takahashi said. It’s launch comes less than three months after the firm debuted its first two hedge funds, the ¥2 billion OGI Japan Long Short Equity Offshore Trust and ¥500 million OGI Japan Deep Value Offshore Trust. The former has returned 1% so far, which the latter is up 0.5%.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR