Launches & Closures

Asuka readies Japanese multi-equity long/short fund


Tokyo-based Asuka Asset Management is targeting Japanese pensions with the Asuka Multi Equity Long/Short Strategy, which will tentatively launch on 1 January, 2011 with an expected AUM of $22-25 million.

Mamoru Taniya

The Japan equity-focused fund, which targets annual returns of about 10-15%, will mainly trade large-cap stocks. A great emphasis has been placed on risk management, in order to cater to the increasing number of pensions that are moving away from long-only funds, according to Asuka CEO Mamoru Taniya.

The fund will have four managers, who will have a defined amount of assets