Sun, Sep 25, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

The big difference between before and after Abenomics benefits Japanese hedge funds

Tuesday, June 04, 2013

By Beverly Chandler, Opalesque London:

In an interview with Matthias Knab for Opalesque TV, Masahiro Koshiba, CFA, President of United Managers Japan (UMJ) and also manager of the UMJ Kotoshiro fund explained his background as one of the longest serving Japanese hedge fund managers.

"I have been a fund manager since 1990, when Nikkei peaked at 38,000, and since then the Japanese equity market has been on a long-term down trend" Koshiba said. He started on the long only side and moved to running long/short portfolios in 2000, investing on the hedge fund side and also employing the long/short strategy for Japanese equities. United Managers Japan set up an incubation platform to introduce local fund managers in Japan to various institutional investors, not only in Japan, but also for overseas investors, Koshiba explains.

"The first two years is actually quite good, we have quite a good business environment, which is actually Year 2004 and 2005, and we raised several hundred million in a year. But unfortunately, starting from 2006 actually the business environment deteriorated, because of some scandals and also overseas investors’ interest shift from Japan to the rest of Asia. And then we lost asset quite a bit since 2006." Since then, Koshiba has returned to his roots as a fund manager, managing initially his private money and then for the last four years his own fund, UMJ Kotoshiro Fund. The fund is a Ja......................

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. Star names struggle as smaller hedge funds make hay[more]

    From eFinancialnews.com: Many big-name funds have been hit by sharp reversals in markets, including US government bonds and UK stocks, and have struggled to extricate themselves from positions that have gone bad. According to data group eVestment, hedge funds below $250 million in size are up 4.1% t

  2. North America - Acela fight splits hedge fund Connecticut and old money enclaves[more]

    From Bloomberg.com: Connecticut’s residential coastline is two worlds, the one of newcomer millionaires and one whose wealth and New England roots span generations. Now, their differences over a rail route threaten to gum up plans for the U.S. Northeast’s fastest-ever trains. About 30 miles from Man

  3. Activist News - Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership, Activist investors double chance of CEO exits[more]

    Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership From Calvinayre.com: Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $

  4. Comment - ‘Gut feeling’ measurable in hedge fund traders, How hedge fund managers can use blockchain to maximize benefits[more]

    ‘Gut feeling’ measurable in hedge fund traders From Laboratoryequipment.com: “Gut feeling” is an intangible – an automatic hunch – based on prior experience for some people. But the “gut feeling” is actually a measurable response developed in professionals doing some high-risk work, acco

  5. Opalesque Exclusive: Modern investor tools (2): A platform that does the job for you[more]

    Benedicte Gravrand, Opalesque Geneva: A new series on technology providers that assist asset allocators. There is disruption in the investor part of the world of hedge funds, coming from platforms that can replace traditionally-run search and analysis. Here is one of them. L