Bloomberg – Tan Maruyama, a former proprietary trader at Goldman Sachs Group Inc., aims to boost assets of his new Japan-focused hedge fund that bets on securities ranging from equities to convertible bonds to about $114 million.
The R-SQUARED Master Fund, a multi-strategy hedge fund, began on April 1 with 1.36 billion yen ($16 million) of capital and has returned 0.7 percent through June on a preliminary basis, said Maruyama, the founder of Round Rock Capital Advisors Co., a Tokyo-based hedge-fund advisory firm. The fund aims to increase assets to 10 billion yen within 12 months and to about 30 billion yen in a year-and-a-half, he said.
