Thu, Oct 30, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Japan expects more hedge funds to open shop in Tokyo

Monday, September 23, 2013

Precy Dumlao, Opalesque Asia:

Japan’s market regulator, the Financial Services Agency, is hoping Tokyo will attract more foreign hedge funds to put up shop in the country since the agency relaxed its rules to open investment management business there.

According to a report by Financial News, data from Eurekahedge indicated that there are 55 locally-registered hedge funds with offices in Japan, but only 20 are domiciled in the country. But despite the relaxation of the rules, there are still significant challenges that make the entry of foreign hedge funds to Japan difficult, the report said.

The report quoted Kazuho Suzuki, chief operating officer and co-founder of global macro specialist Edgebell as saying, "Prior to the changes, the regulatory hurdles for institutional hedge funds were very high. Before opening for business you had to hire at least seven people as investment managers and then wait a year before getting a license – while paying those seven people. You also needed ¥50 million ($50,000) of capital."

The changes were introduced by the FSA in April 2012 specifically to attract institutional investors by easing the requirements for capital the number of hired employees. But the new rule also doubled the capital to ¥10 million ($100,000) but reduced t......................

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. Manager Profile - Seth Klarman: Lessons for retail and institutional investors[more]

    From Valuewalk.com: Seth Klarman is virtually unknown outside value circles, despite his impressive record and value of assets under management. On average Baupost has returned 19% p.a. despite holding a large portion of its assets in cash. During the financial crisis, Seth Klarman’s funds lost some

  2. North America - FATCA leads 75% of U.S. expats to consider dropping citizenship[more]

    From International-adviser.com: Nearly three quarters of American expats are considering the renouncement of their citizenship following July’s introduction of the “absurd” Foreign Account Tax Compliance Act (FATCA). The findings, which were revealed in a survey by deVere, come alongside the news th

  3. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  4. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t

  5. Hedge funds fell 1.18% in September on Fed tightening and ECB loosening[more]

    Komfie Manalo, Opalesque Asia: Hedge funds fell 1.18% in September on Fed tightening and loosening of the European Central Bank’s policy on equity markets, according to the Barclay Hedge Fund Index co