Hedge Funds

SPARX refocuses post-crisis with a new pan-Asia strategic vision

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After being hit by the financial crisis, the long-established SPARX group has downsized and restructured to focus on long/short equity opportunities across Asia

Shuhei Abe Maskai Taniguchi
Back in 2005, SPARX was already a publicly listed company with a 16-year history behind it, and was enjoying a phase of rapid growth and acquisition, first adding a majority stake in Korean asset manager Cosmo in 2005 and buying Hong Kong-based alternative investment manager PMA the following year.

SPARX’s founder and group chief investment officer Shuhei Abe had a sense that Japan alone would not sustain this growth, but the firm’s $17 billion in assets under management continued to be managed separately across the three entities –