FGI Capital Partners, the Japanese hedge and venture capital fund manager with about $160 million in assets, has set up shop in Hong Kong, Securities and Futures Commission (SFC) records show.
FGI gained a Type 9 licence for asset management activities from the SFC on October 1. Tokyo-headquartered FGI is the merged entity of Japanese firm OGI Capital Partners, a hedge fund manager and third-party fund distributor, and venture capital firm FinTech Global. FinTech paid an undisclosed sum to wholly acquire OGI in April this year.
The firm's responsible officers in Hong Kong are listed by the SFC as Allan Bedwick, who runs the OGI Global Macro Fund, and Hideyuki Omokawa, a former partner at Goldman Sachs in Tokyo who founded OGI Capital in 2009.
Bedwick, a former proprietary trader with Lehman Brothers' global macro trading group, has been based in Tokyo since the launch of the macro fund in 2009. As of June 2011, the fund − which invests in stocks, bonds and currencies globally, with a focus on Asia − had $147.4 million in assets under management, according to an FGI earnings statement.
Bedwick could not be reached for comment by press time.