Regulatory load mounts for European managers
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29/07/2009
ACG debuts Japan-focused hedge fund
ACG Management (ACG) has launched its first hedge fund, Akito Capital, a Japanese equity fundamental market neutral strategy.
The fund is managed by Tetsuya Hamano and Koichiro Yamaguchi, of investment advisors Akito Capital Co. It will target the mid-small cap space in Japan with a portfolio of up to 200 names. ACG managing director, Yasushi Ikeda, will be responsible for trading.
The fund will launch with $15m, raised through high-net-worth investors and some funds of hedge funds (FoHF), and hopes to grow to $300m in three years.
Prior to launching the Akito fund, Hamano was a vice president at Singapore-based hedge fund, Monterey Capital Management. Prior to Monterey, he was at UBS prime brokerage sales in Japan. Yamaguchi was previously a portfolio manager at Horizon Asset International in Japan. Prior to Horizon, he was at UBS s research sales in Japan.
The average turnover of the portfolio is once a month with an average gross exposure at 200%. Average single position size is 1-5% of NAV.
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Editor's view: 1 February 2012
It’s well known that our industry likes to be viewed as on-trend, an early adopter, and generally ahead of the curve
Comment: William Keunen
"The administration function will continue to expand its horizons to meet the demands of the increasingly complex environment"
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