Sunday, 29 March 2015
Last updated 2 days ago
Jun 10 2013 | 10:07am ET
Abenomics may have proven something of a disappointment so far, but the pro-growth and stimulus policies of Japanese Prime Minister Shinzo Abe could still prove a boon to hedge funds focused on the country.
Japan-focused hedge funds could grow by 20% this year, Bloomberg News reports, amounting to an increase of US$3 billion to the US$15.1 billion industry. Japanese hedge funds are up almost 18% this year as Abe's policies have significantly weakened the yen.
"Japan is finally coming back," Eurekahedge's Satoshi Iwanaga told Bloomberg. "The Abenomics euphoria has put a spotlight back on Japan. Investors are after those with high returns, and Japan is where you can find that now."
Japan-focused hedge funds managed US$39 billion in 2006 before a series of scandals, poor performance and the lagging Japanese economy took their toll.
Japanese stocks tumbled last week after Abe introduced his reform package, which market players felt did not go far enough. But Iwanaga said he was not spooked.
“The market simply went up too fast,” he said. “It would have been unnatural to keep going at the same pace.”
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…