SINGAPORE, (HEDGECO.NET) – Trident Pacific, a Singapore-based hedge fund manager says it will be launching a new Japanese mid-cap equity hedge fund. According to the released information, the newhedge fund will focus on Japanese equities; outside the top 150 market capitalization companies.
Jens Muenster, Trident’s Chief Investment Officer said, “Japan lends itself well to our strategy. The market is large and deep and there is a real capacity to find value,” Muenster holds an optimistic view of the Japanese economy at the moment. According to him, “Of the major markets in the world, it is comparatively cheap from a bottom up perspective, also among G7 nations, Japan has the highest manufacturing base and is best positioned to benefit from the growing purchasing power of Asia’s 3 billion consumers.” Muenster explained.
Muenster said his team has a combined experience of 30 years researching and trading the Japanese market, particularly in the mid- cap arena. Muenster was previously the head of equities at WestLB Pacific Company, a brokerage firm for small to mid-cap Japanese companies. Other managers working with Muenster includes, Christoph Schockemohle, responsible for business development, and Michael Clemons, who is the Chief Operating Officer for the fund.
Trident hopes to raise seed capital in the range of about US$25 million within the next six months. The new Trident hedge fund will use bottoms up approach in choosing its equity investments, utilizing long/short equity strategy for investment trading.
The new fund will be domiciled in Singapore, Clemons explains, �We felt that it was too time-consuming to gain a discretionary asset management license in Japan, so we decided to set up our management company in Singapore, of course, an on the ground presence in Japan is crucial and our advisory company. Tozai has a branch in Tokyo where two of our investment advisor’s are based.”
Fee structure and minimum investment for the proposed hedge fund were not immediately provided..
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