360 Asset Management launches Japan long/short hedge fund
The London-based 360 Japan Long Short fund will be run by John Aylott and starts with assets of $10 million.
360 Japan Long Short Fund has been launched in London. It is managed by John Aylott, who had previously been managing a long/short Japanese portfolio at Zan Alpha fund.
Management fee and performance fee for the new fund are 2% and 20%, respectively. The target return is 15%-20% and the annualised volatility will be approximately 8%.
Maximum leverage for the fund is 250%. The maximum net long exposure is 80% and maximum short exposure is 80%.
Paul SmithÆs new alternative investment firm Triple A Partners has seeded the fund with $10 million and will undertake the role of investment manager and distributor. Target size for the fund is $50 million by the end of 2008.
Ernst & Young serves as auditor. The prime broker and administrator is Goldman Sachs. Middle office, backoffice and risk controls will be provided by CLSA Fund services.
Management fee and performance fee for the new fund are 2% and 20%, respectively. The target return is 15%-20% and the annualised volatility will be approximately 8%.
Maximum leverage for the fund is 250%. The maximum net long exposure is 80% and maximum short exposure is 80%.
Paul SmithÆs new alternative investment firm Triple A Partners has seeded the fund with $10 million and will undertake the role of investment manager and distributor. Target size for the fund is $50 million by the end of 2008.
Ernst & Young serves as auditor. The prime broker and administrator is Goldman Sachs. Middle office, backoffice and risk controls will be provided by CLSA Fund services.
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