Market moves slowly in Japan says Kodama

Developments in the Japanese hedge fund market continue, albeit at a slow pace, Kenji Kodama of Tokio Marine told delegates at the October Mar Hedge conference in Bermuda. Fees on the funds are perceived as expensive and net performance of portfolios is down so far this year, making many Japanese investors reluctant to get involved, especially in funds of funds.The high water mark conflict is not adding to the reputation of the hedge fund industry either, he noted. The conflict is shown in t