Performance

Areion soft closes Hareion Fund

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Hong Kong-based Areion Asset Management has soft closed its Japan-focused Hareion Fund at $230 million, after having nearly doubled its AUM since launching in September 2010.

Hareion, which employs equity long/short and event-driven strategies, has gained 13% since inception, according to Giselle Leung, who set up Areion last year with Einoshin Arima. They previously managed the Japan-focused GTA Atomic Fund for Go-To-Asia Investment in Hong Kong, and had also worked together on the proprietary trading desk of Mizuho Securities.

While Hareion has a capacity of $400-500 million, the focus now is on performance rather than fundraising, although Leung