{"id":9779,"date":"2009-02-03T00:00:00","date_gmt":"2009-02-03T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"kanetsu-will-close-dragonhorse-exit-hedge-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2009\/kanetsu-will-close-dragonhorse-exit-hedge-funds.html","title":{"rendered":"Kanetsu Will Close DragonHorse, Exit Hedge Funds"},"content":{"rendered":"<p>Bloomberg &#8211; Kanetsu Asset Management Co. will liquidate hedge funds, including Japan&rsquo;s best performer last year, as commodities trading shrinks, a company executive said. <\/p>\n<p>The Tokyo-based firm will shut DragonHorse, which according to data provider Eurekahedge Pte returned 27 percent in 2008, the highest among Japan-based hedge funds. Kanetsu Asset will also close two other hedge funds before the firm shuts at the end of March, because computer-driven trading of commodities has become less viable as volumes have declined, President Takashi Ogura said in a telephone interview today. <\/p>\n<p>As many as 920 funds globally may have closed last year, eclipsing the previous record of 848, according to Chicago-based Hedge Fund Research Inc. Japan&rsquo;s dwindling commodities market and regulatory hurdles to combining commodities trading with financial securities hindered Kanetsu Asset, which had 800 million yen ($8.9 million) in assets. <\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.bloomberg.com\/apps\/news?pid=20601080&#038;sid=aPgJXGneMiFw&#038;refer=asia\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Kanetsu Asset Management Co. will liquidate hedge funds, including Japan&rsquo;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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[6816,4439,64,6817,6819,6823,3327,2049,6821,16278,357,6820,6822,6818,6824,1406,4826,899],"class_list":["post-9779","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-asset-management-co","tag-assets","tag-bloomberg","tag-commodities-market","tag-commodities-trading","tag-company-executive","tag-data-provider","tag-eurekahedge","tag-financial-securities","tag-hedge-fund-research","tag-japan","tag-kanetsu","tag-ogura","tag-regulatory-hurdles","tag-takashi","tag-telephone-interview","tag-tokyo","tag-yen"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9779"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9779\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}