Japan Hedge Funds Get Second Look From Investors on Rally
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The rally in Japanese stocks since new Prime Minister Shinzo Abe pledged to jump-start growth is starting to stir investor interest in hedge funds that invest in Asia’s second-largest economy.
Japanese hedge funds returned 11.3 percent from December through February, the best three-month result on record, according to Eurekahedge Pte, as the Bank of Japan’s effort to expand monetary easing weakened the yen and boosted stocks. Overseas investors have stepped up purchases of Japanese equities, including a record net 1.02 trillion yen ($10.6 billion) in the week to March 8, data compiled by the Tokyo Stock Exchange shows.