Pictet launches Japan equity fund

Pictet Asset Management has added an eighth fund to its Total Return range by launching the Pictet-TR Akari fund, a Ucits vehicle that applies a Japanese equity market neutral strategy with weekly liquidity.

The fund seeks exposure to liquid and mainly large cap stocks, and targets beta neutrality overall. It is registered for sale in Austria, Belgium, France, Germany, Great Britain, Luxembourg, Netherlands, and Spain.

Senior investment managers Teruhiko (Eric) Nishimura and Tomohiro (Tomo) Yamaguchi  are based in Tokyo. The team has been managing capital in Pictet Asset Management’s flagship multi-strategy fund – Diversified Alpha/Alphanatics – since 2016

Nishimura said: “A thorough understanding of both company fundamentals and market technicals is essential to generating consistent returns in this market. We believe that Japan provides structural and cyclical opportunities to extract pure alpha.”

Pictet’s Total Return fund range claims combined AUM of $10.3bn, including the market neutral funds Agora (European equity), Diversified Alpha/Alphanatics (multi-strategy) and Phoenix (Asian equities). The range also includes equity long/short directional funds, Corto (European equities), Mandarin (Greater China equities), Atlas (global equities) as well as the global long/short credit fund, Kosmos.

Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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