New York (HedgeCo.Net) – Jean-Noel Payer, a Managing Director at Nomura Holdings until last month has recieved regulatory clearance this week to start his own Asia-focused hedge fund named Voltex Asia Capital Ltd.
Reuters places the $250 Million Voltex launch amongst top launches in Asia this year. Other notable launches include; $440 million raised by Alp Ercil, and $195 million raised by Gerard Satur.
Asian Investment firms have faced increased scrutiny following multiple large scale investigations. In June, AIJ President Kazuhiko Asakawa, 60, was arrested on suspicion of defrauding two corporate pension funds by presenting false investment performance records last year. Nomura Holdings, was not spared scrutiny when news of insider trading surfaced. During the scandle, the pay of Nomura Holdings top executives was slashed and trading desks were closed for a week.
Both Asian and Global hedge funds are receiving more allocations of Japanese assets as a way for Japanese investors to diversify their alternative asset portfolios. Bloomberg’s research shows that Neuberger Berman Group LLC is winning new mandates to the $4 billion it has gathered in Japan since 2004. Winton Capital Management Ltd., with about $3 billion from Japanese investors, is seeing steady inflows, while Financial Risk Management Ltd. is starting a new fund to meet growing interest.
It is likely that we see a rise in Asian Hedge Funds to take full advantage of the current market conditions.