Directors at the Sundance Film Festival often thank family members in the audience. It’s safe to say that Rory Kennedy -- the youngest child of Robert and Ethel Skakel Kennedy, born after her father’s assassination in 1968 -- had the longest list. For the premiere screening of “Ethel,” her new documentary, more than 20 Kennedys and in-laws showed up, including the subject.
The suspension of AIJ Investment Advisors Co.’s operations amid concerns hedge funds it manages had lost pension money may undermine plans by Japan’s retirement funds to boost returns to meet demand in an aging society.
Finnowave Investments , a Japanese hedge-fund firm, aims to quadruple assets to 100 billion yen ($1.2 billion) in about two years after it won a license to manage funds, making it easier to lure local pension money.
T&D Asset Management Co., with about $27 billion in assets, closed its Japan-focused hedge fund because of higher-than-expected trading costs and returned money to clients, according to four people familiar with the matter.