Alexander Kinmont, former managing director at Morgan Stanley MUFG Securities Co., is looking to start a new Japan focused hedge fund, Bloomberg reports. The equity strategist, who left Morgan Stanley in July, is managing Tokyo-based Milestone Asset Management Co. The company, which presently offers a long-only fund, is aiming to float a long-short hedge fund later this month. The move is aimed at exploiting the volatile stock market for higher returns.
Click here for the story from Bloomberg.