GCI, Orix Open Computer-Driven Hedge Fund to Profit From Crisis
Thursday, June 10, 2010 : PermalinkBloomberg – GCI Asset Management Inc. and Orix Investment Corp. will start today a hedge fund using computer models to spot trends in futures prices and profit from market turmoil.
The Orix Commodities Fund will open with initial capital of 4 billion yen ($44 million) and aims to increase assets to as much as 30 billion yen within three years, said Shinichiro Nagai, a senior manager at the investment group of Tokyo-based GCI, a Japanese hedge-fund firm.
