Atom launches Japan event-driven fund

Tokyo-based Atom Capital will act as the sub adviser to the Atom Japan Alpha Fund, an event-driven Cayman Islands domiciled fund due to launch in March 2010. Gordian Capital Singapore will be the investment advisor and Hong Kong-based Penjing Asset Management will seed the fund. The new fund is targeting a launch with assets of around $20 million, and its capacity is estimated at $500 million. There are no published return or volatility targets, but both are expected to be in the ran…