Fri, Apr 29, 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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n