Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Boutique launches fund to exploit 'astonishing' Japan

Boutique launches fund to exploit 'astonishing' Japan

Goodhart Partners has launched a Japanese Ucits fund to capitalise on the ‘astonishing’ price inefficiency that persists despite the country’s recent rally.

The Michinori fund, which goes live in the next few weeks, is a more liquid version of the specialist firm’s top performing $50 million Hanjo fund, a Sicav that focuses on small and micro cap companies in Japan.

The Hanjo fund has returned 83.15% over one year, according to Bloomberg.

‘Japan has been ignored by most people for so long that the inefficiency in pricing is astonishing,’ Goodhart chief executive Alan Bartlett said.

Michinori is run using a diversified strategy, and overlaps approximately 30% of its holdings with the Hanjo fund. Both are managed by Sean Lenihan, who lived in Japan for 25 years.

Bartlett said several wealth management firms were already on board with the new fund after finding it difficult to invest in Hanjo due to liquidity issues.

Minimum investment in the fund is $0.5 million, and capacity could go up to an estimated $1 billion. The fund has a flat fee of 125 basis points.

London-based Goodhart is a privately owned business, which was founded in 2009 and controls around $500 million (£305 million) in assets.  

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play HSBC's Stephen King warns of 'enormous' Brexit deficit danger

HSBC's Stephen King warns of 'enormous' Brexit deficit danger

Brexit will weaken the economy, fail to boost exports and lessen the country's ability to fund its 'enormous' deficit, according to HSBC's senior economic adviser Stephen King.

Play Premier's Smith: electricity and water can be a good mix

Premier's Smith: electricity and water can be a good mix

Exposing your person to electricity and water simultaneously is ill-advised, but what about your portfolio?

Play Citywire 10k: video highlights

Citywire 10k: video highlights

Citywire held its sixth annual charity run last week, which hosted over 200 people and raised £14,000. Here are the video highlights.

Your Business: Cover Star Club

Profile: gearing up for the shift from consolidation to start-ups

Profile: gearing up for the shift from consolidation to start-ups

‘I think the industry is evolving rapidly, but not necessarily as a whole,’ says the head of recently launched Charles Nicholson AM

Wealth Manager on Twitter