Sun, Jul 5, 2015
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

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. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner