WEST PALM BEACH, FL (www.hedgeco.net) – T&D Asset Management has announced plans to launch a new hedge fund. According to the press release, the Asset Manager will introduce a new fund of hedgefunds vehicle with the hope of capturing the growing business of Pension Fund Managers seeking hedge fund investments.
The fund is targeting the Japanese Pension Managers according to the released information. The release further stated that T&D is also seeking for additional distributors for the new product through the channels of local financial institutions. The new fund will channel investment assets through 30 selected hedge funds, utilizing a master feeder system already set up in a Bahamas registered fund.
The full management of the new fund will be handled by the New York based subsidiary of T&D Asset Management Company. The marketing manager for the new vehicle, Hiro Fuji said the new fund will utilize several strategies for trading, including but not limited to long/short equity, CB Arbitrage, multistrategy, event driven as well as distressed securities.
T&D Asset Management is an asset management investment subsidiary of T&D Life Group, whose major shareholders include Taiyo Life Insurance Co, and Daido Life Insurance Group. The firm oversees over US$ 17 Billion in assets for investors. Fee structure and minimum investment were not immediately made available.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
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