Japan-Focused Hedge Fund Launched by Former Goldman Sachs Managers

January 18, 2014 James Heinsman Hedge Fund News

Three former managing directors from Goldman Sachs who founded Golvis Investment Pte are planning on opening a Japan-focused multi-strategy hedge fund this quarter to investors. The managers are Chief Investment Officer Koji Gotoda, senior fund manager Takayuki Kasama and Chief Operating Officer Taiichi Hoshino. Golvis also employs 12 people; including a five-member team in Tokyo reporting to Gotoda and Kasama who help with fundamental company research.

During the first two weeks in January the Golvis Asia Opportunities Fund earned 2 percent. The new fund began trading at the start of the year using money from the Singapore-based company’s founding partners and employees.

The Bank of Japan and Prime Minister Shinzo Abe have aggressively been fighting deflation in the country which has been going on for 15 years. They have launched unprecedented stimulus which has weakened the yen while improving the earnings outlook for Japan’s exporters. As a result Japanese hedge funds earned 28 percent in 2013 doing better than similar funds with focuses on other regions, says Eurekahedge Pte, a Singapore-based data provider.

“The easy yen trade is over,” said Matt Pecot, Hong Kong-based Asia-Pacific head of prime services at Credit Suisse Group AG. (CSGN) “Investors may shift allocations to managers with deeper history of long, short fundamental stock-picking in the Japan market.”

Bank of Japan, Golvis Investment, Japan, Koji Gotoda, Matt Pecot,

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