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Bloomberg – Rogers Investment Advisors Y.K., a Tokyo-based hedge-fund advisory firm, said it hired Rory Kennedy, Yuka Watanabe and Masayo Fukushima as it prepares to start its second fund investing in Asia.
New York-based Wolver Hill, advised by Rogers Investment, plans to start a private-equity fund with initial capital of as much as $30 million, according to Ed Rogers, chief executive officer of Rogers Investment. The fund, which will start on Nov. 1, would be the company’s first non-Japan fund and aims to have maximum capacity of $250 million, Rogers said.
Bloomberg – Sumitomo Trust Finance (H.K.) Ltd., the asset-management unit of Japan’s fifth-biggest bank, will start a new multi-strategy hedge fund that invests in Japanese stocks, index options, futures and credit-default swaps.
The Tactical Equity Concepts-Japan Fund, also called TEC- Japan, will start June 29 with 10 billion yen ($105 million) of seed money from parent Sumitomo Trust & Banking Co., said Kota Murakami, the Hong Kong-based head of Sumitomo Trust Finance’s investment management group. The fund aims to raise assets to as much as 60 billion yen over the next couple of years, he said.
Bloomberg – Tadashi Mukai, returning to run his own his hedge fund after being the nation’s top performer in 2007, posted a 2.1 percent gain in March for his Wisdom of Japan Fund by betting on rising and falling stock prices.
The Epic Partners Investments Co. fund, which employs a so- called market-neutral strategy, doubled initial assets to 850 million yen ($8.5 million) since starting March 2, according to Mukai. The 44-year-old, who joined Epic in August and has managed market-neutral funds for eight years, aims to raise 10 billion yen from investors for the fund within a year.
