Posted at 3:32 p.m., Wednesday, January 31, 2007
Honolulu firm serves as advisor to new hedge fund
Advertiser Staff
A new hedge fund advised by Honolulu-based Bellamy Fund Management LLC has opened to invest in distressed Asian companies.The Takarajima Fund, which is registered in the Cayman Islands, is a yen-denominated fund open to high net-worth investors and institutions. The fund charges a 2 percent management fee and 20 percent performance fee. A minimum investment of 10 million yen or about $83,000 is required.
Currently assets under management are less than $10 million.
Jason Bellamy, chief executive officer of Bellamy Fund Management, said the fund most likely will be investing in Japanese companies with small market capitalization that are traded on Asian exchanges.
Bellamy previously was a private banker for Bank of Hawaii and worked with Myojo Asset Management. The sub-advisor to the Takarajima Fund is Aun Capital Management of Tokyo, which provides investment research and advice.
