Masaru Koibuchi and Kazuho Suzuki, former bankers at Goldman Sachs Group Inc.
Masaru Koibuchi and Kazuho Suzuki, former bankers at Goldman Sachs Group Inc. and Mizuho Corporate Bank Ltd., plan on starting a global macro hedge fund in February having established Edgebell Capital Co, reported Bloomberg this week. Koibuchi, CIO of the Tokyo-based firm, said that the Edgebell Capital Global Macro Strategy plans to start with at least USD26million from Japanese HNW individuals. They will make the strategy available to outside investors by setting up an offshore fund only after offering it domestically to Japanese clients. Koibuchi is a former head of corporate derivatives structuring at Goldman Sachs in Japan. Edgebell’s COO, Kazuho Suzuki, is a former head of equity index investments at Mizuho Corporate. Apparently the Edgebell fund, under limited offering, returned 3.9 per cent between 14 April and 30 September. Suzuki was quoted as saying: “We are seeing demand for investors abroad who are looking to invest in global macro funds that are based in yen. Because not many are running a global macro fund, this is the time for us to start.” The fund targets annual returns of between 10 per cent and 20 per cent and employs a strict loss-cut rule with Suzuki confirming that during the six months it ran on a limited basis, the biggest daily drawdown was just 0.4 per cent.