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Monthly Archives: May 2013
Morgan Stanley’s Asian cap intro event which normally takes place in Shanghai in late May has been cancelled due to the new bird flu outbreak in China. It seems MS plans to hold an Asian manager cap intro event in New York in July instead.
Korea’s Samsung Fire & Marine Insurance has hired Nomura Asset Management’s Jun Arima as the first non-Korean director in its investment division.
Yasuhito Doi has left FGI Capital partners to join Astmax in a product development role. Earlier in his career he has worked for Bayview, Lombard Odier, Watson Wyatt and Sumitomo Trust.
Toshikazu Minatoya has left Schroders, where he was an alternative investments product manager, to join Mariner Investment Group, the hedge fund management firm now owned by Orix. Earlier in his career he was at Rock Maple Funds. At Mariner, Park Arai (ex-Goldman Sachs) has retired as the head of the Japan business which he founded and managed since 2001.
Johannes Kaps, best known for his many years at Goldman Sachs, and Michael Garrow (ex-Blackstone, SAIL, Morgan Stanley) have become co-CIOs of Headland Strategic in Hong Kong.
Nyree Hu has resigned from her role as marketing director at CQS in Hong Kong. She will start a new role in the industry in September. Earlier in her career she worked at UBS and Ecofin.
Ichiro Iitaka has joined Seiryu Asset Management in Tokyo as a Managing Director after more than 26 years with Solomon Brothers/Citigroup.
AUM of Asia-focused hedge funds increased by +7.6% in the first quarter of this year to a total of almost US$95 billion. This is the highest level since Asian hedge fund capital peaked in 2007, according to the just published HFR Asian Hedge Fund Industry Report. During the quarter investors allocated more than US$1.3 billion in net new capital to Asian hedge funds. The total number of Asian hedge funds increased to more than 1,150 funds.
The HFRX Japan Index posted a gain of +11.7% for the first quarter of this year. This is the strongest quarterly gain since 2005.
Research house WealthInsight in London has just published a new study where they rank Tokyo the number one city in the world when it comes to milionaire population (e.g. people with at least US$1m in assets excluding the value of their primary residence). According to the research report, Tokyo has 461,000 millionaires compared to New York’s 389,000.