|Einoshin Arima and Giselle Leung’s new hedge fund management firm, Areion Asset Management, launched its maiden hedge fund this week. According to Bloomberg, the Hareion Fund utilizes long/short equity and event driven strategies to invest in a diversified portfolio of Japanese equities. |
Prior to founding Hong Kong-based Areion Asset Management, Einoshin Arima and Giselle Leung managed the Japanese equity focused GTA Atomic Fund at GO-TO-ASIA Investment Ltd. Prior to that, Arima and Leung were both proprietary traders at Mizuho Securities Co.
The Hareion Fund launched with assets under management (AUM) of approximately $120 million, making it one of the largest hedge fund launches of 2010. Prior to 2008, the $100 million AUM mark was a minimum target for most prominent hedge fund launches, but in the new environment, investors have been reluctant to make large capital commitments to upstart hedge fund managers, making $100 million launches rare.