Ex-Nomura derivatives trader Go Horiuchi was able to make five per cent returns in March, despite the catastrophic earthquake, reported Bloo
Ex-Nomura derivatives trader Go Horiuchi was able to make five per cent returns in March, despite the catastrophic earthquake, reported Bloomberg this week. The Developed Asia Gamma Strategy Fund is managed by Singapore-based Sherp Alternative Advisors Pte and made the gains trading Nikkei 225 Stock Average options. Despite only launching last September with a few million dollars, Managing Director Ken Fukui hopes to grow the fund’s assets to around USD121million by year-end. Sherp are believed to be in talks with Japanese financial institutions to sell the fund locally although no concrete details are forthcoming at this stage, as talks remain private. “The investments to buy downside protections before the earthquake contributed to the return in March,” Fukui was quoted as saying. The five per cent gains are in stark contrast to the 10 per cent fall in the Nikkei for March. Sherp Alternative Advisors commenced business in Singapore in January 2010.
