BusinessWeek – Bayview Asset Management Co., a Tokyo-based investment boutique, will hire Alphex Investments Co. President Ichiro Takamatsu in July and fold some of the 1 billion yen ($10.8 million) fund he manages into its own.
Alphex, a Tokyo-based hedge-fund adviser, is halting operations in June after Takamatsu had “difficulties” managing both the operation and clients’ funds simultaneously, Bayview Chief Executive Officer Ken Yagi, 48, said in an interview yesterday. Alphex analysts Masamitsu Ohki and Sanae Saga will also join Bayview, Takamatsu said by phone.
