Schonfeld Strategic Advisors is launching a second equities unit, Triwood Asset Management, to focus on long-short stock picking across Asia-Pacific markets, the New York-based multi-strategy hedge fund confirmed in an internal memo, according to a report by Bloomberg.
The new unit will be led by veteran portfolio manager Yasuhiro Tamaki and will include around 30 staff who already report to him, alongside new hires. Tamaki, based in Hong Kong, will continue managing his Japan-focused book while overseeing Triwood’s broader Asia operations, which will span Hong Kong, Tokyo, Singapore, and New York. Both Triwood and Schonfeld’s existing Global Equities business will report to CEO Ryan Tolkin.
The launch positions Schonfeld alongside other multi-strategy firms that operate multiple equities units, including Citadel, Point72, and Balyasny Asset Management. Schonfeld currently manages around $17.5bn globally and has about 200 employees in the Asia-Pacific region, with its largest office in Hong Kong.
The expansion comes as several Asian markets rebound. Japanese stocks are approaching record levels amid the end of deflation and corporate governance reforms, while benchmark indexes in South Korea and Taiwan have outperformed the S&P 500 over the past year. Volatility from geopolitical tensions and tariff uncertainties is also creating trading opportunities across the region.
A Schonfeld spokesperson reportedly declined to comment.
