Saturday, 26 July 2014
Last updated 23 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…