Fri, May 27, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Abenomics may be more fragile than investors expect

Thursday, June 13, 2013

Bailey McCann, Opalesque New York

In the new world of Abenomics, some of the oldest Japanese hedge funds are enjoying growth that they haven’t seen in a number of years. Shinichiro Shiraki Chief Investment Officer of Astmax and also the Chairman of AIMA-Japan, has been operating in this space for a long time and recently sat down with Opalesque TV for an interview.

For firms like Shiraki’s abenomics means more liquidity and more space for trading. "For example, in this January, February, March, I saw lot of long-short managers have the double digit return for those three months. So we haven’t seen that since 2005, so it’s obviously very good for Japanese hedge fund managers," Shiraki explains.

He notes that this is important as large institutions, even those inside Japan have been avoiding the industry there, which keeps AUM numbers low. However, some of that is beginning to change and outside investors are looking at Japan.

Shiraki explains that most of the money is still going to ETFs and indexes as investors are wary about the sustainability of Abenomics and growth in Japan over the long term.

"We have a lot to be concerned about the interest rate situation in Japan or fiscal deficit," he says.

Overall, he sees the new economic situation in Japan lasting for the next three to five years, but it will be an investment that investors have to be prepared to roll ......................

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. Paul Tudor’s hedge fund trims fee amidst poor performance, keep investors[more]

    Komfie Manalo, Opalesque Asia: Paul Tudor’s $11.6bn hedge fund firm Tudor Investment Corp. announced on Monday it would slash down fees of one of its biggest fund to 2.25% of assets and 25% of profits amidst backlash arising from poor performa

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. Performance - Hedge fund ETFs take a battering, Have long-short credit funds delivered?[more]

    Hedge fund ETFs take a battering From ETFStrategy.co.uk: It was a blow for the hedge fund world when Hillary Clinton’s son-in-law Marc Mezvinsky announced he would be closing his Greek-focused fund after it plummeted in value by 90%, just two years after it launched. For passive investor

  4. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America

  5. Emerging markets hedge funds perform strongly, but capital base erodes[more]

    Komfie Manalo, Opalesque Asia: Latin American Emerging Markets and Russian hedge funds lead industry gains in the first months of 2016, posting strong performances through April as global and EM equity, commodity and currency markets surged in recent weeks following steep losses to begin the year