Mizuho Corporate Bank is to acquire 95% of the issued and outstanding ordinary shares, on a fully-diluted basis, of hedge fund research and data services company, Eurekahedge.
In October 2010, MHCB established Mizuho Global Alternative Investments as a wholly owned subsidiary, to select and provide alternative investment hedge fund products for Japanese institutional clients including corporate pension funds and financial institutions.
MGAI and Eurekahedge previously entered into a business alliance agreement and are strengthening their collaborative efforts through joint projects such as the launch of the Japanese version MGAI-EH Newsletter, an analytical report on the hedge fund industry that MGAI issues in collaboration with Eurekahedge.
"The Eurekahedge Hedge Fund Index’s performance has risen over 220% since we have been tracking the industry from 2000 and the size of the industry has grown to USD1.7 trillion. Despite some high profile blow ups in the last few years the bulk of the industry weathered the most recent financial crisis rather well and we see 2011 as being a bumper year for the industry both in terms of asset growth and performance," says Alexander Mearns, CEO of Eurekahedge
