Bloomberg – Finnowave Investments, a Japanese hedge-fund firm, aims to quadruple assets to 100 billion yen ($1.2 billion) in about two years after it won a license to manage funds, making it easier to lure local pension money.
Finnowave obtained the discretionary investment manager license from Japan’s Financial Services Agency in June, said Hideki Wakabayashi, president of the Tokyo-based company. Assets under management currently stand at about 25 billion yen across three funds, he said.
