Launches & Closures

Firebrick Capital plots mid-cap Asian fund


Singapore-based Firebrick Capital Management is poised to launch on July 1 a long/short equity fund focused on Asian mid cap companies.

The group is led by Toru Ueda, the former CIO/CEO of PPM Japan and founder/ portfolio manager of Hachiman Japan Fund, which was shut down at the end of 2010. The members of the Firebrick team also include: Jae Hyung Kim, who used to work as an analyst at Sparx Asset Management, Hachiman Capital and Stylos Capital; and Simon Peladeau, an ex-Goldman Sachs analyst who had also worked at Exelion, a Singapore based hedge fund.

Ueda and