Tiger Cub Snoddy Posts 17% Return With New Japan Hedge Fund
- Nezu Speedwell Fund focuses on growth and capital efficiency
- Snoddy’s firm closed funds starting in 2017 to restructure
Photographer: Tomohiro Ohsumi/Bloomberg
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David Snoddy has posted a 17% gain with a new Japan long-short fund after the Tiger Management alumnus returned to money management following a hiatus.
Snoddy, 52, who ran the Tokyo office of Julian Robertson’s Tiger before setting up Nezu Asia Capital Management in 2000, delivered the return from the Nezu Speedwell Fund’s inception in June 2019 through August this year, according to a letter to investors. Japan’s benchmark Topix gained 7% during the period. The fund, which had $31 million in assets under management as of Sept. 1, focuses on Japanese companies’ growth and capital efficiency.