Nomura and Permal Group have announced the launch of a new UCITS-compliant Japanese equity market neutral fund.
The Nomura Permal Alpha Japan Neutral Fund is managed by Seven Seas Asset Management.
The fund launched on 8 June and is designed to generate absolute returns with low correlation to major Japanese equity markets, through fundamental research and bottom-up portfolio construction.
The fund is available in dollar, euro and yen share classes on the Nomura UCITS platform.
Investment bank Nomura and hedge fund investor group Permal selected Seven Seas because of its recognised stock picking skills, its stable and mature investment team