Ebisu Capital, the Tokyo-based long/short Japan equity fund started by Takashi Shida, is understood to have attracted significant capital from the Canadian Pension Plan Investment Board (CPPIB), Canada’s biggest pension fund.
Shida, a former portfolio manager at Izzy Englander’s Millennium Capital, launched Japan equities-focused Ebisu last year with a just a small amount of capital but quickly gained traction in the market.
Sources familiar with the matter said the allocation from CPPIB is for more than $100m.
As Canada’s largest pension fund, CPPIB runs more than $368bn in assets owned by 20m contributors and beneficiaries. Ebisu declined to comment.
Alongside capital raising, Ebisu recently hired Kirby Daley. The former head of research at Stable Asset Management, a $1.5bn hedge fund seeder with offices in New York and the UK, is the firm’s first chief risk officer.
Daley, a well-regarded Asia-hand, previously worked in the region for more than 11 years as a senior strategist at Newedge in Tokyo and in Hong Kong, before the brokerage firm was acquired by Société Générale.
After SG, he relocated to the Caymans to join Northview Investment Advisors where he became its global strategist and co-CIO.
Ebisu attracts capital from CPPIB on AsiaHedge.