Tue, May 24, 2016
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. Paul Tudor’s hedge fund trims fee amidst poor performance, keep investors[more]

    Komfie Manalo, Opalesque Asia: Paul Tudor’s $11.6bn hedge fund firm Tudor Investment Corp. announced on Monday it would slash down fees of one of its biggest fund to 2.25% of assets and 25% of profits amidst backlash arising from poor performa

  2. West Virginia objects to Alpha Natural sale to hedge fund[more]

    From AP/Heraldcourier.com: West Virginia's environmental authority has filed an objection to the proposed $500 million sale of Alpha Natural Resources' assets to a hedge fund, arguing that the deal could leave the state holding hundreds of millions in reclamation liabilities. The Register-Hera

  3. Mitch Petrick leaves Carlyle as his hedge fund unit suffers losses while assets expand[more]

    Komfie Manalo, Opalesque Asia: Mitch Petrick will be leaving Carlyle Group as head of its hedge funds unit overseeing about $34bn as of March 31, after several funds under his management suffered losses while assets expanded, various media reported. Petrick joined Carlyle in 2010 and was a former

  4. Institutions - Kentucky pension leans into hedge funds amid governance turmoil, Korea's NPS names finalists for initial $1 billion hedge fund-of-funds allocation[more]

    Kentucky pension leans into hedge funds amid governance turmoil From AI-CIO.com: The Kentucky Retirement Systems moved to increase its hedge fund allocation as controversy reigned over fund leadership. Following a string of high-profile hedge fund exits, the Kentucky Retirement Systems (

  5. Fund Profile - The hedge fund that couldn't stay open long enough for a big payday[more]

    From Bloomberg.com: Toby Dodson waited six months for his bet against a fragile Portuguese bank to pay off. But before the reckoning, word came down from his hedge fund bosses at Achievement Asset Management in Chicago: get ready to clear out your desk and unwind your trades, we’re shutting down. Th