FCA seeds third Asia hedge fund with $25 million

FRM Capital Advisors (FCA) has seeded its third Asian strategy, making an initial $25 million investment in Arena Capital – a Japan-focused long/short equity fund set up by former Highbridge Capital portfolio manager Toby Bartlett. Arena started trading in September last year and is expected to reach an AUM of about $50 million at the end of Q1, Patric de Gentile-Williams, head of seeding at FRM, tells AsianInvestor.          Arena trades in Japanese domestic demand sector stock…