Oda of Point72 Launching His Own Fund

December 10, 2017 James Heinsman Hedge Fund News

Tomofumi Oda, who was a portfolio manager at Steven Cohen’s Point72 Asset Management, will be heading out on his own at the end of this year. He will take the fund he started a year ago with him, Blue Swell Asset Management, which will continue to bet on the behavior of Japanese securities.

Oda ran Japan equity strategy for the $11 billion family firm for the past 6 years, based in Singapore.

“Our firm has a history of training and developing some of the industry’s greatest investors,” stated a memo signed by Cohen and President Doug Haynes. Oda joins “a cohort of highly successful PMs who have graduated from the firm and launched their own funds.”

Previously known as SAC Capital Advisors, Point72 has spawned several successful funds from former traders who were nurtured by Cohen. Two of the new firms include Melvin Capital started by Gabriel Plotkin, and David Rosen of Rubric Capital Management.

Hedge funds which have been betting on the Japan stock market have so far seen a 12% rise in value through the end of November. If the stocks continue on the same trajectory these funds should perform their best since 2013, according to data from Eurekahedge Pte.

Blue Swell Asset Management, Point72, SAC Advisors, Steven Cohen, Tomofumi Oda,

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