UMJ Singapore Broadens Hedge Fund Line

UMJ Singapore has added a Japan focused hedge fund to its Asia Pacific strategy. The firms US$12 million Kotoshiro Fund, a Japanese long short equity offering, debuted in November and has returned over 3% in its first three months of

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UMJ Singapore has added a Japan-focused hedge fund to its Asia-Pacific strategy.

The firms US$12 million Kotoshiro Fund, a Japanese long/short equity offering, debuted in November and has returned over 3% in its first three months of trading. UMJs No.1 Fund, which launched in June 2005 and invests in Asian ex-Japan opportunities, dropped 29% last year and another 6.5% in January.

Kotoshiro charges a 1.5% management fee and a 20% incentive fee, with a $1 million minimum investment requirement.

UMJ is headed by Masahiro Koshiba, formerly of Deutsche Asset Managements large-cap investment team, and Edward Brogan, a former managing director of Tiger Management Japan.

L.D.

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