Sat, Apr 21, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Man's FRM Capital Advisors launches strategic relationship with Japan focused hedge fund

Wednesday, January 30, 2013
Opalesque Industry Update - FRM Capital Advisors (FCA), the seeding division of FRM, Man Group plc‘s (Man) fund of hedge fund division, has entered into a strategic relationship with a Japan focused hedge fund.

FCA will make a significant investment in a fund launched by Arena Capital Management Limited (“Arena”), a Hong Kong based investment advisor. Arena, established in May 2012 by Toby Bartlett (CIO), manages a Japanese Long-Short Equity strategy focusing on domestic demand sectors, constructed with a factor neutral pair trading book.

Joining Mr Bartlett at Arena are Greg McLaughlin (COO), Ayumu Kuroda (Head of Trading and Risk Systems) and Yukimi Oda (Research Analyst).

Patric de Gentile Williams, Head of Seeding at FRM said: “This deal reinforces the global nature of FCA as a seeding business and is the first investment we have made since FRM was acquired by Man last year. Asia, and specifically Japan, is an important focus in our manager research, where we have a local office and a significant investor base.

“Arena’s focus on Japanese domestic demand sector is unique and Toby has extensive experience in researching and investing in this space from his time at Highbridge, Citadel and Fidelity Investments Japan. We see this both as an opportunity to be able to generate alpha in what is traditionally a less researched market by hedge funds where greater inefficiencies will allow managers that do in depth analysis to create an edge, and as an opportunity to attract assets from investors looking to allocate to pure Japanese Long-Short Equity funds.

“In addition, the recent drop in the Yen and newly elected Prime Minister Abe’s growth-focused economic strategy has caused a substantial rally in the domestic market that may spur meaningful investor interest.”

“Toby has consistently demonstrated his ability to run a successful portfolio within a robust risk management framework and with FCA’s support he will be able to build a successful alternative investment management business to the benefit of his investors, his team and FCA’s investors.”

Toby Bartlett, CIO of Arena, said: “As a new hedge fund, this major investment by FCA allows us to focus all our energies on operational excellence and generating high quality returns for our investors.

“Our focused approach to fundamental research in Japanese equities, combined with disciplined portfolio construction and risk management, allows us to have low correlation to markets and protect against downside volatility whilst capitalizing on market opportunities for our investors.

“This strategic relationship with FCA is a major endorsement of the investment process and business principles of Arena.”

Arena is the first seeding deal announced by FCA since FRM was acquired by Man in May 2012 and combined with its multi-manager business to create the largest independent European based fund of hedge funds group.

Press release

bc

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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 - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its