Pelargos Japan Alpha launches new share classes
Pelargos Capital, based in the Netherlands, has launched dollar and yen share classes for its Japan Alpha fund, following the existing euro denominated share launched in 2008.
The fund has some €114m in assets. Pelargos said that venturing into multiple currency share classes offered global investors access to “one of the most under-researched developed markets, with substantial untapped alpha potential.”
Richard Dingemans, who along with Michael Kretschmer manages the fund, said: “The interest in long/short strategies specialized in Japanese equities is picking up significantly. The competitive landscape has dramatically shifted and only a few successful funds survived the global financial crisis.”