Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Heiwa’s big plan to attract hedge funds Japan faces serious challenges

Thursday, April 28, 2016

Komfie Manalo, Opalesque Asia:

Japanese Prime Minister Shinzo Abe’s efforts to attract hedge funds and other asset managers into Tokyo’s old financial district is facing serious challenges that is frustrating local players, Bloomberg reported.

Take the case of Heiwa Real Estate Co., a small developer but which has a big plan to lure investors back to Japan by building two skyscrapers near city’s stock exchange as part of the Tokyo Global Financial Center redevelopment. The buildings, constructed within one of Abe’s strategic zones with lighter regulations, are not attracting their desired customers though.

Tomoharu Nakao, a managing officer at Heiwa, told Bloomberg, "To tell the truth, it’s making me depressed. But we just have to keep going."

Heiwa plans to launch the two buildings in 2020, constructed within Abe’s National Strategic Special Zone, which is designed to revive the nation’s financial industry with a relaxed approval rules on building construction permit, as well as lighter regulations on building size, allowing landlords like Heiwa to offer lower rents.

However, lower rent is not enough with several banks, including the Royal Bank of Scotland Group and Barclays which have been cutting their operations in Japan, while the number of hedge funds has not changed the last four years even if Singapore and Hong......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1