GLG Partners, the London-based manager with USD12.5 billion assets, has raised USD100 million for its first hedge fund investing in equities in Japan.
According to PARA_BREAK_SENTINEL_9f8e7d6c
GLG Partners, the London-based manager with USD12.5 billion assets, has raised USD100 million for its first hedge fund investing in equities in Japan.
According to a company statement, Henk Jonker and Kenji Arakawa will run the GLG Japanese Long-Short Fund in London.
Jonker and Kenji previously invested in Japanese equities to hedge GLG's convertible bond holdings. The money manager said it would consider closing the fund when assets reach USD 500 million.
GLG, which was set up as a division of Lehman Brothers in 1995 and became independent in 2000, was reported to be in discussions with the US securities firm last month, for a possible sale.
Yen carry trade risks mount
Hedge funds and other leveraged investors face renewed risks from the yen carry trade as Japan moves further away from decades of…
More
Valour launches first crypto hedge fund using Neuronomics AI strategy
Valour, the digital asset investment products subsidiary of DeFi Technologies, has launched its first hedge fund as it expands beyond…
More
SocGen targets strong prime brokerage growth
Societe Generale is planning to significantly expand its prime brokerage business as part of Chief Executive Officer Slawomir Krupa's…
More
