Struggling for returns

Hedge funds

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The past year hasn’t really lived up to expectations for Japanese hedge fund managers. With the industry dominated by long/short equity strategies, many funds have struggled to match the gains realised in previous years amid a seemingly incessant slide in the country’s stock market.

With the majority of long/short funds holding a net long bias, the decline in the equity market has made the job of providing absolute returns particularly taxing, resulting for most in unimpressive returns

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