Asuka launches Japan activist fund

Asuka Asset Management launched in April the Asuka Value Up Fund, a friendly Japan activist fund. The fund launched with $50 million under management. The new fund is the third hedge fund under the Asuka umbrella. Asuka was established in 2002 as a result of an MBO by the principals of Tudor Capital Japan. The group has approximately $600 million in assets and also manages a Japan long/short and global opportunities fund.