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Bill Lipschutz, Heathersage Capital Management

KTOs hires Lipschutz for new currency hedgie


Japanese hedge fund, KTOs Capital Partners Co., has hired industry veteran Bill Lipschutz (pictured) of Hathersage Capital Management LLC to run a currency fund next month. The KTOs Currency Fund will target Japanese pensions looking to reduce FX risks at a time when the yen has been gaining strongly against the greenback. Lipschutz will manage the fund from New York. An initial pension fund ticket of USD5million has been secured, name unknown. The fund hopes to reach USD300million within a year according to KTOs founding partner, Satoko Koshida. Currencies in the Group of 10 most developed nations will be the fund’s focus. “The currency market is a great place to diversify investments in this current climate where the global market is getting smaller and more connected,” Koshida told Bloomberg. Around USD6million from KTOs’s global FoFs will be invested in the currency fund.

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