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Ex-Merrill MD plans new hedge fund in Japan
January 8, 2010
Atsuko Tsuchiya, a former Merrill Lynch & Co. managing director, plans to start a new Japan- focused hedge fund in March, employing an event-driven strategy that seeks to profit from a change in government.
The Atom Japan Alpha Fund will have Hong Kong-based Penjing Asset Management Ltd. as its anchor investor, Tsuchiya said in an interview yesterday. The 37-year-old chief executive officer of Tokyo-based Atom Capital Management Co. said the fund will have about $500 million capacity and aims to open with about $20 million.
She’s betting the election of Yukio Hatoyama’s Democratic Party of Japan last year will prompt adjustments at companies, creating investment opportunities.
Original Posting At: Bloomberg
The Atom Japan Alpha Fund will have Hong Kong-based Penjing Asset Management Ltd. as its anchor investor, Tsuchiya said in an interview yesterday. The 37-year-old chief executive officer of Tokyo-based Atom Capital Management Co. said the fund will have about $500 million capacity and aims to open with about $20 million.
She’s betting the election of Yukio Hatoyama’s Democratic Party of Japan last year will prompt adjustments at companies, creating investment opportunities.
Original Posting At: Bloomberg
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