CITADEL, POINT72 ALUMNI GET $200 MILLION SQUAREPOINT BACKING

(Bloomberg) -- Squarepoint Capital is backing a hedge fund launch led by Point72 Asset Management’s former Japan head Tomohiro Yamaguchi and ex-Citadel money manager Takeo Serizawa. 

The Hong Kong-based startup, Invictus Investment Partners, will begin trading with at least $200 million from Squarepoint, according to people with knowledge of the matter. The anchor investment is locked for two years, the people said, asking not to be identified because the details are private. 

Invictus is expected to start trading in the first quarter of this year, Bloomberg News has reported earlier. It plans to leverage up three times, enabling it to make as much as $600 million of investments, one of the people added. 

Representatives for Invictus and Squarepoint declined to comment.     

The duo is the latest to be backed by Squarepoint in recent years as large sums of cash from mostly single investors become the main source of startup capital in the hedge fund industry. Invictus will join the likes of Hamza Lemssouguer’s Arini and Ben Durham’s Decagon Asset Management in getting money from Squarepoint.

Invictus will focus on the 300 largest, most liquid Japanese stocks. It will look to tap into renewed global interest in Japan as corporate governance reforms gain momentum and prices rise after more than a decade of deflation.

Serizawa, who has previously worked at a string of big-name hedge funds such as Balyasny Asset Management and Marshall Wace, is the chief investment officer of the fund.

Yamaguchi, previously at Pictet Asset Management, joined Point72 in 2019, where he oversaw the firm’s operations in Japan, hiring and mentoring younger investment talent. He returned to managing money himself at Schonfeld Strategic Advisors from late 2021 through the end of 2023, running hundreds of millions of dollars for the global hedge fund firm.

Kirtes Bharti, formerly at Segantii Capital Management, has also joined the team as chief operating officer.

(Updates with planned leverage level in third paragraph.)

Most Read from Bloomberg

• Why the Renovation of Federal Reserve Headquarters Costs $2.5 Billion
• New Design Plans Revealed for White House Ballroom
• Summit Properties Wins Auction for Bankrupt NYC Apartments
• In Birmingham, a Stadium Plan Shows UK Football’s Flashy Side
• The Latest Brand of Tech City Dreams: Virtual Residents

©2026 Bloomberg L.P.

2026-01-12T14:46:34Z