Launches & Closures Mergers & Acquisitions / Joint Ventures

Alithion carves out Japan long/short fund


Singapore-based Alithion Capital Management has launched a Japanese equity long/short strategy fund built out from a managed account for conglomerate Marubeni Corp. The $33 million managed account for Marubeni was launched in February 2008 and has returned 18% from inception to May 2010.

Managed by Mizhuo proprietary trading veterans Akira Yaku and Kentaro Ishizaki, Alithion Japan Fund was launched on July 1 with $22 million of seed funding from Marubeni. The firm is in talks with potential investors in Asia and Europe to bring the AUM closer to its capacity of between $150 million and $200 million, said Yaku. Target