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BFC Asset Management (BFC), which is lead by Kazuyuki Kawana CEO, specializes in managing fund of hedge funds for corporate pensions and has introduced funds of hedge FoFs (3F) in Japan, according to local reports. The firm was founded in May 2006.
The CEO Kawana was vice-chairman of Barclays Global Investors Trust Bank where he emphasized a strengthening of the fund management structure, but it became difficult to actively manage as the assets grew. Predicting that “alternative investments by pension funds will grow quickly”, he decided to launch a new company with Toshio Nishiyama, president, and managing director Nobuyoshi Tsumori. He is focusing efforts on managing a fund of hedge funds for corporations based on his know-how acquired over his 40 year participation in pension investments.
The characteristic of BFC is that it meets the needs of corporate pensions utilizing a collection of fund of hedge funds. By using quantitative analysis to screen a few hundred candidates from the investment universe, they then closely investigate the contract terms: management structure, custodian, and prime broker. After further filtering to around 50 candidates, they finally pare this down to a short-list of around 13 funds through direct interviews with fund managers.
In the six months since the launch of asset management operations in the beginning of this year, assets under management have grown to 10B JPY. The CEO Kawana stated “It is time for the third generatio...................... To view our full article Click here
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