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

Shuhei Abe Maskai Taniguchi
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 at...

ISSN: 2151-1845 / CDC10004H

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