New Star Asset Management has opened its long/short Japan fund to investors. The fund is already up ...
New Star Asset Management has opened its long/short Japan fund to investors. The fund is already up and running with between $20m and $40m seed money garnered from three investors. It is run by Michelle Sanders and Alastair MacGregor, who already oversee the Japanese portion of the firm's pan-Asian Asia Renaissance hedge fund. The open-ended Bermuda-domiciled fund, which is using Morgan Stanley as a prime broker, will carry a minimum initial investment of $150,000 and aim for a target size of $150m. The fund, offering quarterly redemption, will carry a fee of 1.5% annual and 20% performance with a high water mark.
An added tier of asset management can of course deliver additional benefits for certain investors, writes Graham Bentley - just be sure you can justify it to the regulator and, especially, the client
The government is "in daily contact" with industry figures over the pensions dashboard as it prepares for the roll-out and its feasibility report, Guy Opperman has said.
Organisation led by Johnny Timpson
From 1 April 2019
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