Monday, 22 December 2014
Last updated 29 min 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.