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.

As Canada’s largest pension fund, CPPIB runs more than $368bn in assets owned by 20m contributors and beneficiaries.

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 in the market.

Sources familiar with the matter said the allocation from CPPIB is for more than $100m.

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 worked in the region before for more than 11 years as a senior strategist of the NewEdge platform in Tokyo and in Hong Kong, before it 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-chief investment officer.

Ebisu attracts fund from CPPIB on AsiaHedge.