Hedge Funds

Kotoshiro banks on good fortune


Masahiro Koshiba looks forward to making money in a bear market, as he has for the past three recessions, using market awareness, a focus on intrinsic value and strong risk controls

In the current climate, it takes a seasoned manager with a lot of confidence to set up a new long/short equity fund. Perhaps Masahiro Koshiba, chief executive officer of United Managers Japan (UMJ) was trying to tell the industry something about better times ahead when he chose Kotoshiro as the name for his new Japan long/short equity fund. Kotoshiro is a Japanese god who is associated with Ebisu,