|Round Rock Capital Advisors’ founder Tan Maruyama announced this week that his firm is aiming to raise additional capital for its flagship hedge fund, the R-Squared Master Fund. According to Bloomberg, the R-Squared fund was launched in April with approximately $16 million in assets under management and is now seeking to increase assets to $114 million.|
Round Rock Capital’s fund concentrates on Japan and invests in a wide variety of assets, including equities and convertible bonds. It has returned 0.7% through June and joins a growing trend among Japanese hedge funds to employ a wider range of strategies, beyond the traditional long-short.
Prior to founding Round Rock, Mr. Maruyama was formerly the head of the convertible bond trading desk at Goldman Sachs.