12/05/2010
Amid positive forecasts for Japan’s economic growth and a recovering Nikkei, hedge fund managers have started to capitalise on the region’s emerging opportunities with a number of Japan-focused launches.
JH Whitney Investment Management and NewSmith Asset Management are among the investment firms that have launched new Japan strategies, HFMWeek can reveal, following a period of stellar performance for funds focused on the region.
According to performance data from HSBC, Japanese funds have produced some of the top returns in the industry this year. GAM’s Japan Equity Hedge Fund is up 16.89% YTD through the
28/04/2010
Cadogan Management has decided to liquidate its Kurihama Japan fund of hedge funds (FoHF), according to an investor document, as Japanese hedge funds continue to count the cost of sustained poor performance.
Hedge funds in the region have been enjoying a resurgence in 2010, but the turnaround in fortunes appears to have arrived too late for Cadogan.
The FoHF was set up in 2002 and enjoyed stable performance throughout. Its only blip arrived in 2008 when the fund fell 14.5%. Assets under management never exceeded $200m and began dwindling from the middle of 2008 onwards.
24/02/2010
By all accounts, 2009 was a lost year for hedge funds in Japan. The Japanese market is heavily based on trust and long-term relationships. The effects of 2008 will not disappear from the collective consciousness of Japanese investors, who pulled out of hedge funds en masse.
Interest in the industry has dwindled almost to the point of none existence, so much so that last year virtually all hedge fund conferences in the country were cancelled.
Encouragingly, the outlook is a lot rosier for the industry in 2010. A listed hedge fund manager was recently out
29/07/2009
ACG Management (ACG) has launched its first hedge fund, Akito Capital, a Japanese equity fundamental market neutral strategy.
14/07/2009
Winton Capital Management, the UK hedge fund with $12bn in assets, will launch a new fund in Japan as it tries to benefit from the country’s $15trn in personal savings.
