ABC News – Kunio Tomiyama, former chief fund manager at Credit Suisse Asset Management Ltd., plans to start a hedge fund by the end of this year that will restrict investments to a maximum of 30 Japanese stocks to boost returns.
Tokyo-based Wealth Bay Investment, created in September by Tomiyama and former DKR Oasis Management Co. analyst Makoto Uraga, aims to start advising the fund with initial capital of about 1 billion yen ($11 million). The fund has a capacity to grow to a maximum of 40 billion yen, said Chief Executive Officer Tomiyama.
