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Monthly Archives: September 2015
After almost 15 years at Morgan Stanley in Japan, Andrew Hamada has left the firm. Blackstone Alternative Asset Management has appointed Hamada to head up its new Japan office which was launched this month. The firm currently has US$68bn in AUM across its hedge fund strategies, of which US$5bn is understood to come from Japanese institutional investors. Hamada, who was most recently head of manager due diligence and product management at Morgan Stanley MUFG, is understood to have already hired two professionals from Morgan Stanley for Blackstone’s new office.
Asian hedge fund industry assets grew 14.7% in the first half of 2015 to reach US$221.17 billion, according to an AsiaHedge survey. This is the first time the Asian hedge fund industry’s assets under management has passed the US$200 billion mark. At the end of 2014, the AUM figure was US$192.81 billion.
Mubin Sadikot, most recently COO of Regal Funds Management, has joined Leda Braga’s BlueCrest spin-off Systematica Investments in an Asian business development and IR role in the firm’s Singapore office. Earlier Sadikot was at APS Asset Management and Macquarie Group.
Former Swiss-Asia CIO Stephan Repkow, most recently Asia head of private bank UBP, has set up his own Singapore-based firm, Wealth Management Alliance. Earlier he has had stints at Deutsche, Citi and BNP Paribas.
According to Eurekahedge, Asia ex-Japan hedge funds lost 5.12% in August. Greater China funds were among the hardest hit with a loss of 8.57%.
Jim MacDonald, who kicked off his career working at a boutique global macro hedge fund firm in Tokyo, has left Societe Generale/Newedge after nine years to launch his own “Made in the USA” luxury bedding start-up called Authenticity 50 in California.
Two Asian hedge fund industry veterans will in October launch the Ataraxia Quant Fund Asia Pacific. Edward Moon was most recently CIO of Woori Absolute Partners and earlier head of Korean equity capital markets at Citi, while Indaka Nanayakkara was co-founder at Piquant Capital and earlier at Henderson, Macquarie, Credit Suisse amd Jardine Fleming. The new fund will be launched as part of Lighthouse Canton in SIngapore, a US$300m hedge fund firm set-up by former Credit Suisse private banker Shilpi Chowdhary.
Thanks to the support of amazing industry speakers and partners, the Henley Executive Hedge Fund Program will kick off on 12 September in Hong Kong. A first-of-its-kind hedge fund program in Asia, the September 2015 class is now full. Please register for the next intake in February 2016 in Hong Kong here: Henley HF Program 2016.
BlueMounitain Capital Management seems to have closed down its Tokyo office after just a couple of years. US-based portfolio manager Charles Kobayashi (ex-deputy chairman of Bear Stearns Japan) was officially the head of BlueMountain’s Tokyo office. Koichi Shijima, who ran the day-to-day business of the Tokyo office, joined Japanese distribution company Teneo Partners in August.