|Two former proprietary traders from Mizuho Securities Co., Akira Yaku and Kentaro Ishizaki, have plans to launch a new Japan-focused hedge fund this July. According to Bloomberg, the two Alithion Capital Management founders will open the Alithion Japan Fund with $22 million from Marubeni Corp., a trading company based in Tokyo. Before founding Alithion, both Mr. Yaku, the firm’s CEO, and Mr. Ishizaki, its Chief Investment Officer, worked as proprietary traders at Mizuho Securities Co., the brokerage unit of one of Japan’s biggest banks.|
Alithion’s new fund will invest in Japan’s top 500 companies listed by market value and take long and short positions in 50 to 100 stocks. Alithion Capital Management was founded in 2007 and is based in Singapore.