Fri, Feb 27, 2015
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. Opalesque Exclusive: Very small CTA averages 6.90% per month since April’14 inception[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: There aren’t many one-man shops around in the hedge fund world but we talked to one. Andrew S. Peskin, who is ba

  2. Opalesque Exclusive: Skënderbeg launches four single-manager funds with Your Wealth AG[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Skënderbeg Funds AGmvK, an investment fund for qualified investors under Liechtenstein law (umbrella fund),

  3. Opalesque Roundtable: Many Swiss investors are questioning the value proposition of hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: There is a well-known transition among investors in hedge funds between high-net-worth individuals and institutional investors, Ian Hamilton, head of the IDS Group, said during the recent

  4. UCITS HFS Index starts year on positive note with 1.09% gains in January[more]

    Komfie Manalo, Opalesque Asia: The UCITS HFS Index started the year on a positive note gains of 1.09% in January after finishing 2014 with a modest performance of 1.62%. Index provider 2n20 said th

  5. Legal - Case builds against former New York hedge fund ‘Buddy’ Fletcher[more]

    From NYPost.com: Disgraced former hedge fund operator Alphonse “Buddy” Fletcher’s trail of broken promises and red ink just got a little longer. A Manhattan judge has ruled that the 49-year old investor owes his former law firm $2.7 million in unpaid legal bills. Add that to the more than $100