Launches & Closures Funds of Hedge Funds

Japan fund of funds eyes emerging managers

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Tokyo-based KTO Capital Partners, a new Japanese fund of hedge funds firm, is planning to pour up to $333 million in new emerging Asia-focused hedge funds this year with the intention of finding top-quality, next-generation managers that will form the bedrock of the Asian hedge fund industry going forward.

KTO has been started by Satoko Koshida, formerly of Investor Select Advisors, and her firm is joining hands with Tetsuo Tanimura, previously the CEO of Tower Investment Management and now the head of Japanese hedge fund consultancy C2G Advisors, for the effort.

The fund will invest in eight to