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Edward J. Rogers From Komfie Manalo, Opalesque Asia:

Years of experience managing "huge aggregations of wealth" and the local dialect have proved to be major advantages for Japanese hedge funds manager to dominate the hedge fund launches in the country, according to Ed Rogers, head of research and investment firms Rogers Investment Advisors, Wolver Hill Asset Management, and Wolver Hill Advisors during the latest Opalesque Japan Roundtable.

The roundtable was sponsored by law firm Bingham McCutchen and by Eurex, and took place in May at Bingham's Tokyo offices.

Pressed to comment on developments in the Japanese hedge funds industry, Rogers said that 10 years ago, an overwhelming majority or 95% of people who wanted to launch a hedge fund in Japan were foreigners, particularly managers who had lived in Japan and established a cultural and linguistic familiarity with Japan and who saw opportunities running a hedge fund in Tokyo because they understood how Japan fit into the world.

Back then, Rogers added, only 5% of the new launches were from Japanese managers.

But the situation now has been completely reversed as almost all the new managers he speaks to in the Japan hedge funds space are Japanese who come from a proprietary trading desk or from another hedge fund o......................

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