Japanese Hedge Funds Returns

Japanese Hedge Funds Returns

Japanese Hedge Funds Return 6.7% in First 4 Months

Japan's hedge funds were the worst-performing in the world last year.  Now, in a surprising turnaround Japan hedge funds have posted their best four month returns since 2004.  Japanese hedge funds returned 6.7% in the first four months of this year.
Japanese hedge funds, the world’s worst performers last year, returned 6.7 percent in the first four months of 2010, the best year-to-April return in six years, according to Eurekahedge Pte.

The Eurekahedge Japan Hedge Fund Index, which tracks 91 funds, gained 2.5 percent last month the Singapore-based research firm said in a preliminary report on its Web site.

Japan-focused managers are making a comeback after their 6.9 percent return last year lagged behind the global average by about a third, according to Eurekahedge. The Japan index’s gain beat the Nikkei 225 Stock Average’s 4.8 percent advance in the four-month period.

The Eurekahedge Hedge Fund Index, which measures the performance of more than 2,000 funds worldwide, climbed 1.2 percent in April, the report showed. The Japan hedge fund index was the strongest among seven regional gauges last month.  Source

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