(Bloomberg) Three former managing directors of\u00a0Goldman Sachs Group Inc. (GS)\u2019s\u00a0Japan\u00a0business plan to start an\u00a0Asia\u00a0multi-strategy hedge fund early next year, according to two people with knowledge of the matter.<\/p>\n
Koji Gotoda and Takayuki Kasama have incorporated Golvis Investment Pte in\u00a0Singapore, said the people, who asked not to be identified as the information is private. The fund will invest in all asset classes with an initial focus on Japan, they added.<\/p>\n
Japan-focused hedge funds have historically traded stocks, making a company staffed by a large team of former Goldman Sachs employees and capable of investing in multiple asset classes a rarity, one of the people said. The New York-based bank, once Wall Street\u2019s most profitable securities firm, generated about half of its\u00a0revenue\u00a0from trading last quarter.<\/p>\n
\u201cThe pedigree of the principals will guarantee they at least get a good hearing from prospective allocators,\u201d\u00a0Peter Douglas, principal of Singapore-based GFIA Pte, which advises on hedge-fund investments. \u201cAfter many years of slow death or exile for the Japanese hedge fund industry, it does feel as if the industry, like the country, could be on the verge of a renaissance.\u201d<\/p>\n<\/div>\n