WEST PALM BEACH, FL (HEDGECO.NET) – RAB Capital plc, has announced the launching of a Japan long-short equity hedge fund. The new portfolio will be focusing �mainly on liquid large-cap stocks�according to the released statements. The new fund, RAB Japan Fund will begin trading June 1, and has been seeded with approximately with US $40-50 million.
Robin Cosgrove and co-portfolio manager, Nick Reid, will manage the new Japan hedge fund. Both managers have a combined experience of about 25 years managing long/short, and long only portfolios, with about 15 years residing in Japan. The managers will strive to deliver absolute returns to the funds investors, through a careful analysis and selection of stocks, utilizing �disciplined risk management� according to the released information.
Mr. Reid worked for eleven years as a senior Japanese fund manager at Gartmore, seven of those years were spent working in the Tokyo Office and he was responsible �for co-managing the long/short portfolios and managing all the high performance mutual and focus funds�. Robin Cosgrove was formerly the Director of Lotus Japan Fund; he covered major institutional clients on Japanese equities at Morgan Stanley (Tokyo) and UBS Warburg (Tokyo) according to published reports.
Commenting on the new Japanese hedge fund lunch, Chairman of RAB Capital, Michael Alen-Buckley, said, �We are delighted to have such a highly experienced and talented management team join RAB. Japan is emerging from a 14-year slump, the financial system has stabilized and valuations are extremely attractive, offering exciting return opportunities. The RAB Japan Fund is attracting a lot of interest from investors, and going forward we expect it to become a core strategy at RAB.� Alen-Buckley added.
RAB Capital manages US $1.1B of assets for institutions and private clients, the asset manager currently overseas five hedge fund strategies and two funds of hedge funds according to company information.
Paul Oranika
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HedgeCo.Net
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