This Japanese Hedge Fund Founder Is Turning to Robo-Advice

  • Money Design attracted 5,500 accounts since February start
  • App aims to help Japanese invest abroad, founder Taniya says

Mamoru Taniya has started a hedge fund and opened an international boarding school. Now the Japanese entrepreneur is turning his attention to robo-advising.

Money Design Co., founded by Taniya three years ago, began a service in February that uses computer algorithms to propose investment plans for individual investors. Taniya is seeking to increase assets under management for the product, called Theo, to between 200 billion yen ($1.9 billion) and 300 billion yen in the next four years.

Automated investing through so-called robo-advisers was first developed by startups and is now attracting traditional money managers such as Charles Schwab Corp. and Vanguard Group Inc. Taniya wants Japanese households to use their phones to put some of their 1.7 quadrillion yen of financial assets into exchange-traded funds overseas, as a slumping stock market and negative interest rates reduce investment opportunities at home…

This Japanese Hedge Fund Founder Is Turning to Robo-Advice

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