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Opalesque Exclusive: Laurus-Valens launches yen fund to invest in US with minimized currency risk
Kirsten Bischoff, Opalesque New York: Laurus-Valens, the New York based investment advisory firm, announced the launch of the Valens Yen Fund. Valens, which currently oversees approximately $1.6 bln in assets and runs a variety of funds, launched the yen fund with assets of 1 bln JPY.
The Fund has been designed specifically in response to Japanese investor interest in the Valens investment strategy and it will provide qualified Japanese investors with access to a mirror image of the Laurus Offshore Fund, with minimal currency exchange risk. “Our yen denominated fund provides our Japanese investors with access to investments in U.S. micro cap and late stage private companies and makes their investments more stable for them, as they won’t be susceptible to the value of the dollar sinking or spiking at any time,” said Dennis Pollack, Partner and Senior Managing Director. Corporate website: Source
Agarwal to launch unique Asian stat arb fund
From Derivatives Week: Monty Agarwal, the ex-head of Asia Pacific interest-rate trading at BNP Paribas who left to form the now-defunct Predator Capital, is taking another stab at launching his own hedge fund firm with what he believes is the first statistical arbitrage fund to focus on Asia ...Full article (subscripti...................... To view our full article Click here
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