According to Bloomberg Brief, Bass launched the Japan Macro Opportunities Master Fund in July and is still accepting investors who agree with him that the country has some debt and demographic issues.

Bass had an interest in Japan before the country’s biggest earthquake struck on March 11 because of its “fundamentally unsustainable” fiscal and monetary policy and demographic challenges including an aging population, according to a presentation to investors…Bass is positioning the fund for an increase in 5-, 10- and 30-year Japanese interest rates and the yen’s decline agains the US dollar, the presentation said. Japan won’t be able to fund its deficits domestically and will be forced to borrow international capital at high interest rates, according to the presentation. [The fund's] assets are $101 million. The minimum investment is $250,000. The fund charges a management fee of 1.25% of assets and a performance fee of 20 percent of profits, paid after capital is returned to investors. It has a three-year investment horizon during which investments are locked up.

Update: Apparently the Japan fund had its final closing two weeks ago. You snooze you loose!

23 comments (hidden to protect delicate sensibilities)
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Comments (23)

  1. Posted by AmericanBandersnatch | April 12, 2011 at 3:44 PM

    “Bass is positioning the fund for an increase in 5-, 10- and 30-year Japanese interest rates and the yen’s decline agains the US dollar”. If you’ve already told me the strategy, why do I need to pay you 1.25 and 20 to executre the trades?

  2. Posted by CurrencyTrader | April 12, 2011 at 3:51 PM

    Because you touch yourself at night.

  3. Posted by Guest | April 12, 2011 at 3:56 PM

    You’re the kind of dude that one someone tells you about a manager that has performed really well, you say “sounds a lot like madoff to me” in that snifling sort of way that makes me want to give you a wedgie.

  4. Posted by TEPCO | April 12, 2011 at 4:02 PM

    We have a distressed asset they can buy.

  5. Posted by lolslayedyou | April 12, 2011 at 4:03 PM

    Because you suck as a trader????/

  6. Posted by Torquil69 | April 12, 2011 at 4:04 PM

    because getting a short on in the mid part of the jgb curve while running a dynamic hedge on anticipated depreciation in yen assets with a quarter mil won’t replicate the fund results presumably. you could do it with futues pretty easily but if you are wrong over any period in a meaningful way you get blown out.

  7. Posted by Guest | April 12, 2011 at 4:11 PM

    In fact the IAEA just gave it their highest rating!
    -Fukushima Daiichi

  8. Posted by Guest | April 12, 2011 at 4:12 PM

    Actually, he’s not.

  9. Posted by Anonymous | April 12, 2011 at 4:13 PM

    Any chance that this will outperform Bass’ latest Japan Nuclear Opportunities Fund?

  10. Posted by Anonymous | April 12, 2011 at 4:13 PM

    I’m also starting up a distressed fund reopening Sam Goody’s across the country if anyone is interested.

  11. Posted by Guest | April 12, 2011 at 4:27 PM

    Like you suck at getting sarcasm/not holding down the ? key?

  12. Posted by Anonymous | April 12, 2011 at 4:33 PM

    Short Japan– the trade that sank a thousand funds…

  13. Posted by Guestarino | April 12, 2011 at 4:38 PM

    too soon and yet too funny

  14. Posted by lolslayedyou | April 12, 2011 at 4:50 PM

    Lick my taint

  15. Posted by lolslayedyou | April 12, 2011 at 4:50 PM

    Lick my taint

  16. Posted by Your Grandfather | April 12, 2011 at 5:03 PM

    Ahhh… the ol’ “open up a fund to take advantage of a macro call” trick. I’m not falling for this one you young whippersnapper.

  17. Posted by Guest | April 12, 2011 at 6:47 PM

    You’re the kind of dude that talks like this at happy hours and people stand there and nod but really just want to fucking punch you.

    - Not lolslayedyou and not a terribly big fan of his work

  18. Posted by Guest | April 12, 2011 at 6:47 PM

    You’re the kind of dude that talks like this at happy hours and people stand there and nod but really just want to fucking punch you.

    - Not lolslayedyou and not a terribly big fan of his work

  19. Posted by Guest | April 12, 2011 at 6:47 PM

    You’re the kind of dude that talks like this at happy hours and people stand there and nod but really just want to fucking punch you.

    - Not lolslayedyou and not a terribly big fan of his work

  20. Posted by Joe | April 12, 2011 at 7:50 PM

    Much better to do it on a single equity

    - B. Ackman

  21. Posted by Guest | April 12, 2011 at 8:32 PM

    Just to be clear, I liked because of the name, not the “slaying” per se.

  22. Posted by Jimmy | April 12, 2011 at 10:07 PM

    Because you run a FoF? Because you don’t typically trade JGBs or yen? Because Bass has a solid track record? Because apparently the incentive fee doesn’t kick in until he doubles your money?

  23. Posted by Lol | April 13, 2011 at 1:36 AM

    Umm… doesn’t Japan issue its own currency and have its debt denominated in Yen? Good luck on that three-year lock-up.