Japan Hedge Fund Arena Misses Rally

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.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR