Hedge Funds

Akito soft closes at $120 million

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Koichiro Yamaguchi and Tetsuya Hamano's Akito Capital, an investment advisor based in Tokyo, has soft closed its Japan equity long/short Akito Fund at $120 million, following a rapid scale up in assets on the back of strong performance. The fund, which started in July 2009 with $14 million, returned 30% for the year, putting it among the top-performing Japan strategies. There is strong interest from funds of funds, family offices and institutions, mainly from Asia including Japan, in the fund.

Akito will reopen the fund depending on the market condition, but plans to cap it at $300 million