Tuesday, 2 June 2015
Last updated 15 hours ago
Apr 24 2014 | 10:22am ET
Hedge fund Galleyla Investment Co. got off to a strong start, returning 18% in its first year.
The Japan-focused firm was founded by former Morgan Stanley Asset & Investment Trust Management fund manager Tsukasa Shimoda. It launched last April.
By contrast, the average Japanese hedge fund returned just 2.7% over the same period.
“Abenomics ended at the end of last year and the stock market is now reversing,” Shimoda told Bloomberg News. “The market will bottom in May or June and will resume its bullish run as the yen weakens on the back of Abe’s policies of [the Bank of Japan’s] additional monetary easing.”
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…