Launches & Closures

Firebrick Capital plots mid-cap Asian fund


Singapore-based Firebrick Capital Management is poised to launch on 1 July 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 his team are