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

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note