Tokyo-based Bayview Asset Management is expanding its team and funds with the addition of Ichiro Takamatsu, the CEO of Alphex Investments.
He will join Bayview on July 1, bringing with him the Alphex -Japan Long Short Fund, in -addition to an analyst and a trader. Alphex is in the process of dissolving its -operations in Tokyo and Singapore.
Launched in 2005, the long/short Japanese equities fund Alphex Japan had a 10.18% -annual return in 2008, when the TOPIX, Nikkei 225, and TSE Mothers were down 41.77%, 42.12% and 58.70%, respectively.
The fund had between $60 million and $80