Sun, Feb 7, 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. How Einhorn survived a nightmare year[more]

    From Bloomberg.com: Even when a hedge fund has an awful year, which was the case for David Einhorn's Greenlight Capital, there are lessons to be learned. Many funds would have had a tough time surviving a year like Einhorn experienced in 2015, when all the stars seemed to align against him and Green

  2. Legal - Hedge fund founder wins early release in U.S. insider trading case, Gramercy seeking $1.3 billion from Peru over land-bond dispute[more]

    Hedge fund founder wins early release in U.S. insider trading case From Reuters/Streetinsider.com: Former hedge fund manager Doug Whitman on Tuesday won a reprieve from serving the remainder of his two-year sentence for insider trading after several judges expressed skepticism that his 2

  3. Investing - David Einhorn finds a winner in Michael Kors[more]

    From Thestreetinsider.com: Greenlight Capital hedge fund manger David Einhorn took his lumps in 2015. The fund lost over 20 percent on the year amid bets gone bad being long a plunging SunEdison and short a couple high-flying FANG stocks. However, today Einhorn is again showing his stock picking pro

  4. Investing - Avenue Capital's Marc Lasry: We like European bank loans, Comment: A bunch of hedge fund managers are chasing the 'dream of crushing a major structural problem'[more]

    Avenue Capital's Marc Lasry: We like European bank loans From CNBC.com: European banks are under immense pressure, but at least one prominent hedge fund has found what it thinks is a good opportunity in the wreckage. Marc Lasry, co-founder and chief executive of hedge fund Avenue Capital

  5. Computer-driven hedge funds make money during January’s selloff[more]

    Komfie Manalo, Opalesque Asia: Commodity trading advisers (CTAs) that use computer programs to guide how they trade, made millions of dollars during last month’s market selloff on the back of declining oil prices and global equities and big moves in currencies. Data provider