Friday, June 7, 2013

Japan-Focused Hedge Funds Seen Boosting Assets 20% on Abenomics

From Bloomberg: Japan-focused hedge funds may see their assets increase 20 percent this year on expectations that Prime Minister Shinzo Abe’s policies and stimulus measures will boost growth, according to Eurekahedge Pte.

About $3 billion could be added to the $15.1 billion managed by hedge funds investing in Japan at the end of April, said Satoshi Iwanaga, chairman of Singapore-based data provider Eurekahedge, which is hosting the 2013 Asia Hedge Fund Awards today. Of the increase, $1 billion may come from performance gains, while investors would allocate the rest, he said.

 The increase would be the “first real recovery” since 2005 when funds focused on the world’s third-largest economy grew 56 percent to $33.6 billion….


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