Ex-UBS Bankers’ New Japan Hedge Fund Gains 14% Since July Start

Bloomberg – Akito Fund, a Japan-focused hedge fund set up by former UBS AG bankers, returned 14 percent since its July start, beating benchmarks on investments in smaller companies including Geo Corp. and Yellow Hat Ltd.

Koichiro Yamaguchi and Tetsuya Hamano, who formerly worked at UBS Securities Japan Ltd. and various hedge funds, in March set up Akito Capital Co., which advises the Cayman Island-based fund. The fund started on July 24 with initial capital of 1.4 billion yen ($15 million) and has maximum capacity of about 30 billion yen, according to Yamaguchi.

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