Bloomberg – Rogers Investment Advisors Y.K., a Tokyo-based fund-of-hedge-funds adviser, said it won a mandate worth about $90 million from a Japanese institutional investor, adding to signs of recovery in the nation’s hedge-fund industry.
The allocation will be made on Aug. 1, bringing the firm’s advisory assets under management to $130 million, Ed Rogers, chief executive officer, said in a telephone interview today. The money is coming from a Japanese foreign investment trust distributed by one of the largest Japanese financial institutions and is part of a closed-end fund ending in 2013, he said, declining to name the investor.
