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Ex-Morgan Stanley manager launches Japanese equity hedge fund

Reuters – A former fund manager at Morgan Stanley Asset and Investment Management launched a Japanese equity long-short hedge fund on Monday, betting on interest from overseas investors after a recent surge in Tokyo stocks.

Tsukasa Shimoda, the founder and president of Galleyla Investment, said his long-short fund – the UMJ Galleyla Fund – has the capacity to take in up to 20 billion yen ($213 million). The fund will slowly close subscription when its asset size approaches capacity.

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