Mon, May 30, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

The Big Picture: SPARX takes on resurgence of Japanese equity

Thursday, October 17, 2013

amb
Shuhei Abe
Benedicte Gravrand, Opalesque Geneva:

An Opalesque column for global macro investors.

Shuhei Abe, the founder of SPARX Asset Management, Asia's largest hedge fund manager based in Tokyo, says he has been very bullish since the beginning of this year, as Japan looks like it is ending its long-term deflationary super-cycle.

Coming out of a bubble The cycle started with the Japanese asset price bubble, an economic bubble in the late 80-early 90s in which real estate and stock prices were greatly inflated. The aftermath of that bubble saw asset prices continuing to fall, leading to what was called the "lost decade". The Nikkei 225 started plummeting in December 1989 from a high of almost 40,000 to lose 64% of its value in 32 months. Although showing many ups and down during the next few years, it never got back to this peak and lost a total of 82% from that day till October 2008. After that, the index was kept down by the financial crisis, the March 2011 earthquake and other events. But Shinzo Abe came to power, and the index climbed up again in December 2012.

"In 2010, I felt a bit positive on the market, but unfortunately, my optimism was not supported by reality," said SPARX' Shuhei Abe. "We had the Tohoku earthquake and the nuclear plant meltdown, and that year through to the beginning of 2012, we ha......................

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. 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

  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. 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

  4. 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

  5. Americas - Australian banks sending U.S. hedge funds broke, Ryan Puerto Rico ‘rescue’ bill could be windfall for hedge funds[more]

    Australian banks sending U.S. hedge funds broke From SMH.com.au: US hedge funds are not having the best of years. Profits are hard to find, they're underperforming and the punters are losing patience, withdrawing US$15 billion ($20.8 billion) in the March quarter. They're expected to wit