Ex-Morgan Stanley Japan experts launch hedge fund
Friday, June 6, 2008 : PermalinkAsian 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.
Tags: 10-million, arthur-sulzberger, banque-syz, bethmann, bridget, business-manager, cap-stocks, caxton, global-distribution, gross-exposure, imam, industry-group, japanese-equities, john-mcallister, liquid-state, money-managers, shaka, synergies, tiaa-cref
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