Hedge Fund Reader : Joji Maki is the new fund manager of Baring's hedge fund

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July 12, 2005

Joji Maki is the new fund manager of Baring's hedge fund

Baring Asset Management has appointed Joji Maki as manager of equity/short hedge fund for the group. The fund which will have a low correlation with the Japanese market is targeted at sophisticated investor and expects to generate a return of 15% per annum. This will be achieved by investing in ‘neglected alpha’ stocks of lower researched small and mid cap sectors. Joji Maki feels that the time is right for investing in Japan as the complete potential of the country has still not been tapped. With a 29 year track record of managing Japanese companies, Baring Asset Management is confident of achieving its goal. The Baring Japan Absolute Return fund will carry an annual management fee of 1.5 percent and a performance fee of 20 percent as is done by most Hedge Funds. Maki has been managing the 35 million pound growth fund since 2000. In the five years of his management the fund has lost 41.2 % (after charges) in comparison to 43.7% loss by Japan Sector Fund. Reuter.co.uk reports:

"Now is the time to invest in Japan," said Maki. "We believe that Japan has not fulfilled its potential in the last year and that there are considerable opportunities for investors on the ground. We have a 29-year track record of researching and managing Japanese companies.”

Link: Baring's Maki to run hedge fund

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July 12, 2005 in Emerging Markets | Permalink