Friday, 26 December 2014
Last updated 2 days ago
Feb 5 2008 | 9:46am ET
Is the sun setting on the Japanese hedge fund industry? Predictions of doom and gloom abound after investors yanked at least US$7.7 billion from Japanese hedge funds last year—and possibly as much as US$20 billion—pushing it further behind its Asian rivals and prompting fund closures and reorganizations.
Japanese hedge funds now manage just US$24 billion, according to Eurekahedge. In addition to redemptions, the industry posted investment losses of more than US$3 billion, making it one of the few regions to post a loss in 2007.
Last year was the second straight year of outflows for Japanese hedge funds.
By contrast, hedge funds in Asia—excluding Japan—continue to boom, raking in US$22.4 billion in new assets, almost as much as is managed in Japan. Those funds also enjoyed a positive investment return in 2007, gaining more than US$12 billion in the markets to reach a total of US$101 billion.
The Japanese bloodletting claimed some high-profile victims: Goldman Sachs has decided to close its GS Strategic Japan Partners hedge fund, Reuters reports, while funds managed by Stratton Street Capital, Whitney & Co. and Sparx Group all posted sizeable losses.
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…
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