Goldman Sachs Investment Partners, set up to allow clients to invest with some of the bank’s top proprietary traders, is raising capital for a new Asian fund, said two people with knowledge of the matter.
Bloomberg reports that the fund, named Oryza Capital, started early this month, said the people, who asked not to be identified because the information is private. It is overseen by a team led by Hideki Kinuhata in Tokyo and Hong Kong-based Ryan Thall, said the people, who didn’t disclose how much money the fund is seeking to gather. Kinuhata and Thall didn’t reply to e-mails seeking comment on the new fund. Connie Ling, a Hong Kong-based spokeswoman at Goldman Sachs, declined to comment.
Asia’s economic growth that has outperformed the U.S. and Europe, and renewed interest in Japan, where Prime Minister Shinzo Abe has committed to ending deflation, are attracting global investors. Inflows into Asia-focused funds took regional hedge-fund assets to $98.4bn as of the end of June, the highest since 2007, according to Chicago-based data provider Hedge Fund Research Inc.
'Asia is still one of the fastest-growing regions in the world, albeit at a slower pace, so it’s no surprise that there is continued interest in notable Asian launches', Will Tan, a managing director who focuses on the hedge-fund industry at Singapore-based recruiting firm Principle Partners, said. 'The past year especially has seen renewed global interest in Japan resulting in a surge in hiring for Japan-focused investment professionals'.
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