Aegon’s Pelargos Seeks to Triple Japan Alpha Hedge Fund’s Assets

Pelargos Capital BV, a Dutch hedge-fund manager spunoff from insurer Aegon NV, is seeking to more than triple over the next three to five years the assets of its Japan Alpha Fund that has outperformed peers.

Pelargos is looking to raise money from pension funds, financial institutions and funds-of-funds in Japan, Germany, the U.K. and the U.S., Chief Executive Officer Richard Dingemans said in an interview in Tokyo. It is setting up a unit trust for the strategy that bets on rising and falling stock prices in the Cayman Islands by the end of the year, he said.