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Alternative Market Briefing

Benefits of launching a fund on a platform

Wednesday, February 28, 2018

Komfie Manalo, Opalesque Asia:

Launching a hedge fund on a platform accelerate the process immensely all the way from setting up to license procurement, said Masaki Gotoh, CIO and partner at Misaki Capital during the latest Opalesque 2018 Japan Roundtable.

However, Gotoh said that if a firm wants to do it on their own, they should be aware that the Japanese market regulator Financial Services Agency is not trying to be restrictive by imposing stringent regulations, but that the rules and procedures in place are intended to protect the investor "so you have to keep an open mind about the process and proactively gain their [the Japan FSA's] trust."

He told participants of the Roundtable, "I have friends who are starting up and I basically say the exact same thing to them. It's going to be costly, but that's just the way it works here. They [the FSA] really care about sustainable businesses. They don't want 100 funds and 99 of them going under the next year or two. I think as long as you put that effort and investment in and show them that you are not just trying to make a buck, it can accelerate the process immensely."

Gotoh explained that when he and his partner started Misaki Capital four years ago, it took them about four months to get their FSA license.

He added that they didn't have a large starting capital when t......................

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