Fri, Aug 1, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Japanese epic bear market meets dramatic regime shift in macro-economic policy

Thursday, May 23, 2013

Beverly Chandler, Opalesque London:

There has already been a great deal of market and media coverage of the 'recovery’ in Japan. Speakers at the Opalesque Roundtable Japan 2013, sponsored by Eurex and Taussig Capital discussed the changes in the Japanese market from a local perspective.

Peter Tasker of Arcus Research explained that since the crisis of 2008, world financial markets have been in a completely different environment, and Japan in particular performed very poorly since then. "For example, the Japanese equity market in Autumn of 2012 was actually below where it was in early 2009, which was the bottom for most world markets" he said. "While most of the developed markets, even the troubled Eurozone, have made some progress up towards the highs of 2006-2007, Japan didn’t. The Japanese market was a very poor performer, despite the fact that the profitability of Japanese companies had improved quite a bit and recovered 50% or 60% of the peak levels of 2006-2007" Tasker explained.

The result was an unusual situation where profits go up but the market went down. "This has to be seen within the context of a mega-bear market that has been running since 1990 in which the whole class of equities has been discredited in the eyes of the i......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Kyria Capital Management bets on women hedge fund managers[more]

    Bailey McCann, Opalesque New York: As hedge fund assets top $3 trillion, and long/short strategies get more crowded than ever, with every manager hunting for even the tiniest bit of alpha, a new firm has emerged that claims its own edge – women. A recent Rothstein Kass study showed women-owned a

  2. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  3. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  4. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  5. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by