Tokyo-based Epic Partners Investments is taking its pairs-trading strategy offshore.
The firm in June launched the Epic Asia-Pacific Fund, Asian Investor reports. The new fund has about ?2.1 billion (US$26 million) in assets and employs Epic's strategy, which it previously used exclusively for Japanese stocks, to a broader universe of regional names.
Epic Asia-Pacific is based on a managed account that the firm ran prior to the new fund's June 1 debut. In its first two months, the strategy is down 2.8%.
Bank of America serves as the new fund's prime broker and Daiwa Europe as administrator.
Epic Partners has about US$900 million in total assets.
Source: http://feedproxy.google.com/~r/Finalternatives/~3/cvvPCs223Js/21333
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