TOKYO (HedgeWorld.com)–The head of Orion Investment Managers, Yuji Tsukagoshi, expects the firm’s new long/short equity hedge fund to more than double in size to US$11 million in February.
The fund, Orion Japan Absolute Return Fund, is managed using fundamental analysis of midsize and large Japanese companies. Mr. Tsukagoshi said the US$4 million fund has received subscriptions from Swiss and U.K. family offices and funds of funds that should boost the funds size to the US$11 million level.
Prior to launching the fund in September, Mr. Tsukagoshi worked in the Tokyo office of Henderson Global Investors, a London-based investment manager. Currently, he is the sole investment professional on staff, but he will add an analyst once assets grow beyond US$30 million, he said.