Tue, Jan 24, 2017
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. Investing - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  2. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  3. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee

  4. Macro hedge funds and CTAs outperform in December on strong dollar[more]

    Komfie Manalo, Opalesque Asia: The last month of 2016 saw risk assets climbing higher, as part of expectations that the new U.S. administration will remove barriers to growth and investment, Lyxor Asset Management said. December also saw the Fed hik

  5. Opalesque Exclusive: Roxbury credit events UCITS gathers more assets[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The Roxbury Credit Events Fund, launched in September 2015, was up 4.24% in 2016, having returned seven positive months during the year. The managers raised