Tsukasa Shimoda to Start Japan-Focused Fund

March 28, 2013 James Heinsman Hedge Fund News

Former fund manager at Morgan Stanley Asset & Investment Trust Management Company, Tsukasa Shimoda, will be opening a Japan-oriented hedge fund on April 1st.
The fund will take advantage of an increasing desire to invest in what is now the world’s second largest equity market.

Shimoda’s fund will be called the UMJ Galleyla Fund and will launch with about 1 billion yen ($11 million) in original capital. The amount includes money from a foreign fund-of-hedge-funds. Shimoda, who will lead the new fund, said the hedge fund strategy will be to bet on rising and falling Japanese stocks with the goal of bringing in an annual return of between 15 and 25 percent.

The strategy seems to be a promising one, as Japan-focused stocks have had the best beginning of the year in history, says Eureahedge Pte. The excellent performance is at least in part due to Prime Minsiter Shinzi Abe having promised to boost Japan’s economy, the third-largest in the world, causing stocks to rise but weakening the yen. As a result foreign investors have increased their involvement in Japanese equities. During the week beginning on March 8 a record net 1.02 trillion yen was poured into the Japanese stock market.

“There is a strong upward trend in Japan right now,” Shimoda, 43, said in an interview in Tokyo yesterday. “The fact the Japanese stock market is under the spotlight is a positive for hedge funds.”
crisis environment,” he told a media briefing at a Sony store in eastern Beijing.

Japan, Morgan Stanley, Tsukasa Shimoda,

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