SPARX refocuses post-crisis with a new pan-Asia strategic vision
Mon Jun 20, 2011
After being hit by the financial crisis, the long-established SPARX group has downsized and restructured to focus on long/short equity opportunities across Asia
Back in 2005, SPARX was already a publicly listed company with
a 16-year history behind it, and was enjoying a phase of rapid
growth and acquisition, first adding a majority stake in Korean
asset manager Cosmo in 2005 and buying Hong Kong-based
alternative investment manager PMA the following year.
SPARX's founder and group chief investment officer Shuhei
Abe had a sense that Japan alone would not sustain this growth,
but the firm's $17 billion in assets under management continued
to be managed separately across the three entities - after all,
at that time a small hedge fund with very strong core
competence could still go out and raise capital from investors.
However, in the face of the looming global financial crisis in
2008, SPARX Group's region-wide footprint turned out to be
wide, but not stable.
Fast-forward to 2011, and the group's AUM now stands
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