Tuesday, 1 September 2015
Last updated 2 hours ago
May 16 2013 | 12:37pm ET
Arena Capital Management is a market-neutral hedge fund—and market-neutral is not necessarily what one wants to be in Japan these days.
The year-old hedge fund, led by Highbridge Capital Management veteran Toby Bartlett, is up 2.6% this year. Globally, that's slightly below average. For a fund that is 100% invested in Japan, it's a good deal worse.
The average Japan-focused hedge fund soared 19% in the year's first four months, as new Japanese Prime Minister Shinzo Abe's economic policies have the country's stocks rallying. But Barlett is undeterred, despite targeting double-digit annual returns.
"There is ample demand for market-neutral hedge funds," he told Bloomberg News. "Considering the large directional move in the market year-to-date, we believe that low-volatility market-neutral strategies are an even more attractive option for investors."
Arena lost 0.3% in three months of trading last year.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…