TOKYO (HedgeWorld.com)–A retail hedge fund of funds aimed at Japanese investors is expected to launch in early October by the asset management wing of Nomura Securities.
The new fund of funds, constructed with the advisory support of the Irvine, Calif.-based Pacific Alternative Asset Management Co., will differ from past Nomura funds of funds aimed at Japanese investors.
Previous offerings from Nomura catered to high-net-worth and institutional investors allocating US$1 million or more on a private-placement basis. The new fund will have a significantly lower minimum, US$100,000, allowing much wider access for qualifying investors. This apparently will allow Nomura to flex its muscles through its strong brokerage distribution network.