Rogers Investment Advisors K.K., a Tokyo-based fund-of-hedge-funds adviser, said it won a mandate worth about $90 million from a Japanese institutional investor, adding to signs of recovery in the nation’s hedge-fund industry.
Ed Rogers, chief executive officer of Tokyo-based Rogers Investment Advisors, speaks on Bloomberg Television from New York about AIJ Investment Advisors Co., the Japanese fund management firm that was suspended for possible losses.
Rogers Communications Inc. Chief Executive Officer Nadir Mohamed plans to retire next January, a surprise move that sent Canada’s largest wireless carrier in search of a new leader for the second time in four years.
Asian shares rose for a fifth week, the longest winning streak since March, as Japan’s Liberal Democratic Party regained power on pledges to boost economic stimulus and the country’s central bank added to asset purchases. Stocks pared gains as U.S. budget talks stalled.
Asian stocks fell, with the regional benchmark index poised to snap its longest rally since 2004, as suppliers to Apple Inc. dropped. Losses were limited as Japanese shares jumped after a party that backs more economic stimulus returned to power.
Japanese shares gained, with the Nikkei 225 Stock Average rising to its highest in eight months, as the yen fell after the Liberal Democratic Party regained power. Tokyo Electric Power Co. led gains on expectations the new government will allow the restart of nuclear reactors.