Launches & Closures

Alithion prepares multi-strat Japan fund for early 2010

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Singapore-based Alithion Capital Management, which has been running a Japan multi-strategy managed account for the past couple of years, is looking to structure a fund around it for launch in early 2010.

Performance has been good, with returns since inception in February 2008 running at 12.82%. Alithion has been running about $55 million in the managed account for a single investor, which is expected to shift assets into the fund, thereby maintaining a continuity of strategy and assets.

The portfolio managers have a very liquid strategy, trading only in large caps, which enables them to exit positions quickly