Deals
This Japanese Hedge Fund Founder Is Turning to Robo-Advice
- Money Design attracted 5,500 accounts since February start
- App aims to help Japanese invest abroad, founder Taniya says
in Tokyo, Japan, on Tuesday, July 26, 2011. The dollar fell against the yen to the lowest level since March 17 as U.S. President Barack Obama addressed the nation on the economy.
Photographer: Tomohiro Ohsumi/BloombergThis article is for subscribers only.
Mamoru Taniya has started a hedge fund and opened an international boarding school. Now the Japanese entrepreneur is turning his attention to robo-advising.
Money Design Co., founded by Taniya three years ago, began a service in February that uses computer algorithms to propose investment plans for individual investors. Taniya is seeking to increase assets under management for the product, called Theo, to between 200 billion yen ($1.9 billion) and 300 billion yen in the next four years.