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Sparx Group Opens Hedge Fund With Soros Strategy

Bloomberg – Sparx Group Co., Asia’s biggest hedge-fund firm, will open its first global macro hedge fund to new investors as the company departs from its traditional focus on equities to return to profit.

Cayman Island-based Sparx Global Markets Fund began on Aug. 12 with the firm’s own capital of 900 million yen ($9.7 million), said Masaki Taniguchi, president of Sparx Asset Management Co. The fund wagers on stocks, bonds and currencies based on fundamental analysis of world economic trends in the Group of Ten nations, similar to the George Soros’s Quantum Fund, he said.

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