Reuters – Japan’s Mizuho Corporate Bank said it aims to expand the size of a hedge fund managed by its U.S. unit eight times over to 100 billion yen ($1.1 billion) in five years by attracting money from domestic pension funds.
The bank also expects to double the asset value of its flagship commodity trading adviser (CTA) fund to 30 billion yen by the end of the year from the current 13 billion yen, said Yuko Hirai, senior vice president of Mizuho Corporate’s global alternative investment section.
