Launches & Closures

FrontPoint spin-out Aristarc rolling out Japan market neutral strategy


New York-based Aristarc Capital, a spin-off from Morgan Stanley/FrontPoint Partners, is readying the launch of a Japan equity market neutral fund. Led by Michael Feldschuh, the highly experienced core team has been together for 12 years, first at Millennium Partners and then at MS/FrontPoint, where it ran a Japan fund based on a quantitative proprietary model initially developed while at Millennium.

The Aristarc strategy has been one of the top-performing Japan strategies historically, with its proposed moderate leverage, and the strategy returned 19% in 2007 and 14% in the difficult market of 2008, according to marketing documents obtained by AsiaHedge.