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Ex-Morgan Stanley Japan experts launch hedge fund

Asian Investor – The Shaka Japan fund has been launched in New York by hedge fund manager Shaka Capital Management. It is a new start-up, launched in January of this year with partners’ capital, and has an estimated capacity of $1 billion.

Arif Imam is Shaka’s business manager and is a former managing director at Morgan Stanley, responsible for global distribution of Japanese equities.

The portfolio manager is Alexandre de Bethmann who formerly worked at Federated Global and TIAA-CREF.

Shaka’s trader is Douglas Butcher, who was also a managing director at Morgan Stanley where he handled client trading for Japanese equities.

Target return is 12-15% per year on a Sharpe Ratio of 1.2 to 1.5. It is a Japan-only long/short equity fund concentrating on the top 250 stocks in that market. The focus on large-cap stocks is in part because of the very liquid state of the short borrow that lends to running a truly efficient hedged fund.

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