Thu, Oct 23, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Japanese authorities are shutting out their hedge fund industry GFIA

Tuesday, August 14, 2012

amb
Yoshimi Watanabe
From Komfie Manalo, Opalesque Asia:

Singapore-based wealth management and advisory firm GFIA has accused the Japanese regulator, the Financial Services Agency of "shutting out" the local hedge fund industry.

In its July 2012 Research Insights, GFIA cited the various statements and actions taken by the Japanese government that were detrimental to the local hedge fund industry. Indeed, the data provider showed data that indicated the number of hedge funds in Japan was 61 in 2005 as against 105 in Hong Kong and 60 in Singapore.

The number shrank because of the Liverdoor shock in early 2006 that effectively shutdown the small-cap market in Tokyo which also blindsided many of the stock pickers and at the same time evaporated their assets under management. "With hindsight that was the beginning of the end," GFIA commented.

In 2007 the then Japanese services minister Yoshimi Watanabe described hedge funds as "piranhas" that needed to be expelled. GFIA added, "More recently we have had the AIJ scandal, where a mid-sized alternative boutiques $2bn of assets appeared to have vaporized (admittedly not a hedge fund but the backlash against alternatives was nevertheless real)."

GFIA referred to the report in February this year wherein AIJ Investment Advisors Co., which caters to mostly small and mid-sized Japanese firms that entrust their money to the advisory firm, reportedly ......................

To view our full article Click here

Banner

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t