Japan Hedge Funds Heading for Record Returns in 2013
While investors bet that Prime Minister Shinzo Abe’s policies will succeed in reviving the world’s third-largest economy, Japanese hedge funds are heading for record returns as the year is about to close.
Stratton
Street Capital LLP’s warrant fund returned more than 300 percent, while
the Hayate Japan Equity Long-Short Fund almost doubled. The Eurekahedge
Japan Hedge Fund Index, which tracks about 80 funds, returned 24
percent in the 11 months through November, heading for the best year
since the Singapore-based researcher began compiling data in 2000.
Japanese
hedge funds swung from the world’s worst performers in 2012 to the best
as the central bank’s reflation efforts put the benchmark Topix index
on course for the biggest increase in 14 years and weakened the yen by
17 percent versus the dollar. Assets at the Japan-focused funds tracked
by Eurekahedge increased $451 million in the second half of 2013, the
most since the six months ended August 2011.
Source: Bloomberg
