Launches & Closures

Nomura and Permal launch market neutral Japanese equity fund


Nomura and the fund of hedge funds giant Permal Group have launched a new Japanese equity market neutral fund that is targeted to reach assets of around $30-$50 million in one to two month’s time.

The Nomura Permal Alpha Japan Neutral Fund launched on June 8 and is expected to generate robust interest given that there are currently very few Japanese market neutral funds that are in a UCITS-compliant format. It is available in US dollar, euro and Japanese yen share classes on Nomura’s UCITS platform.

The fund is managed by Seven Seas Asset Management and is designed to generate