Fri, Jan 30, 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: Ex-Citi trader launches 'sleep-at-night’ long/short equity fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: After working at Citi's proprietary trading desk, managing a large portfolio between 2008 and 2011, Joel S. Salomon founded SalaurMor Management in New Yor

  2. Investing - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  3. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  4. Update: Prosecutors seek 12 years for hedge fund manager Francisco Illarramendi[more]

    Komfie Manalo, Opalesque Asia: Federal prosecutors have asked the court to sentence convicted hedge fund manager Francisco Illarramendi to 12 years imprisonment for running an elaborate Ponzi scheme that bilked investors hundreds of millions in dollars, including a Venezuelan pension fund, report

  5. Institutions - Ontario pension fund leader calls all asset classes ‘expensive’, Taiwan's BLF plans $2bn in alternative mandates[more]

    Ontario pension fund leader calls all asset classes ‘expensive’ From WSJ.com: The head of one of the world’s largest pension funds said that across asset classes, “everything is expensive.” Ron Mock, who leads Canada’s $141 billion Ontario Teachers’ Pension Plan, said that the plan would