Ex-Goldman Sachs proprietary trader, Tan Maruyama, is already feeling bullish about his R Squared Master Fund, launched April 1^st this year with JPY1.36 billion (USD16 million). The fund has since grown to JPY1.6 billion (USD18.2 million) with Maruyama hoping to increase assets to JPY10 billion within twelve months and JPY30 billion (USD342.1 million) within 18 months. Without doubt Japan’s hedge fund universe is evolving, as it breaks the shackles of traditional long/short equity trading. And Maruyama is one of those leading the way. Unfortunately unavailable to comment, Maruyama was quoted in Bloomberg as saying: “There isn’t that much competition in Japan, even with the market size we have, which gives us an edge with the sort of background we have.” The fund bets on Japanese securities using three key strategies: equity long/short, cr