Tag Archives: yen
New Horizon may start second fund
Reuters UK – New Horizon Capital, a Japanese private equity firm, said it may start raising its second fund this year as it sees opportunities to make money from investing in struggling companies. New Horizon has five potential transactions in […]
Ginga Beats Japan Hedge Fund Rivals With Telecommunications Bet
Ginga Service Sector Fund, the third-best performing Japan-focused hedge fund in 2008, held its ranking in January by investing only in the telecommunications and services companies. The 3.4 billion yen ($36 million) fund, advised by Tokyo- based Stats Investment Management […]
Japanese Hedge Fund 21st Century Asset to Seek Takeover Targets
Bloomberg – 21st Century Asset Management Co., run by former Nomura Asset Management Co. executive Takanori Shimizu, said it may seek growth through takeovers after the worst year on record for hedge funds. Shimizu, 63, said he will also cut […]
Kanetsu Will Close DragonHorse, Exit Hedge Funds
Bloomberg – Kanetsu Asset Management Co. will liquidate hedge funds, including Japan’s best performer last year, as commodities trading shrinks, a company executive said. The Tokyo-based firm will shut DragonHorse, which according to data provider Eurekahedge Pte returned 27 percent […]
Ex-Citadel Manager Returns 18% With Atom Japan Fund
Bloomberg – Atsuko Tsuchiya, the Japanese hedge- fund adviser who left Merrill Lynch & Co. to found her own firm, led Atom Japan Equity Fund to an 18 percent return in 2008, beating rivals who suffered the worst year on record. […]
Sparx to Miss March 2011 Asset Target on Market Rout
Bloomberg – Sparx Group Co., Asia’s biggest hedge-fund manager, will likely miss its asset management target of 5 trillion yen ($57 billion) by March 2011 because of redemptions and losses amid the global market rout. The firm has cut costs to […]
Daiwa drops big fund plan after Blackstone talks fail
Reuters – Daiwa Securities Group Inc, Japan’s second-largest brokerage, said that it would drop its plans for a large private equity fund after talks with Blackstone fell through. Daiwa had been in talks with private equity firm Blackstone Group LP […]
PXP Vietnam to start hedge fund, bets on stock recovery
Thanhnien – The PXP Vietnam Value Fund will raise as much as $200 million to invest in undervalued stocks, Snowball said. PXP, the initials of Phan Xi Pang, Vietnam’s highest mountain, is betting that the stock market will recover […]
PXP Vietnam to Start Hedge Fund, Bets on Stock Market Recovery
Bloomberg – PXP Vietnam Asset Management, which oversees $225 million, plans to start a hedge fund by early next year as it seeks bargains in Asia’s second-worst-performing stock market, said co-founder Kevin Snowball. The PXP Vietnam Value Fund will raise […]
Clare takes out unprecedented loan to invest in stock market
Cambridge Varsity Online – Clare College has borrowed £15 million to invest in the stock market. The unprecedented inflation-linked loan is due to be repaid in 2048 and the College expects to make a profit of around £36 million. Clare […]
Settling down
Times of Malta – The situation in the international financial markets, although still displaying signs of uncertainty, seems to be settling down. Governments in the major economies, US, UK, Germany, France and Italy, no longer seem to be chasing fairies […]
