Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds are more bullish with Japan than at any time in last decade

Tuesday, November 25, 2014

Komfie Manalo, Opalesque Asia:

A survey amongst fund managers by the Bank of America Merrill Lynch, conducted during the second week of November, found that hedge funds are more bullish with Japan than at any time in the last decade. The survey said fund managers also have the most positive outlook on Japan.

According to the survey, the most common investment thesis is not to resist the so-called "Abenomics" economic policy. It was introduced by Japanese Prime Minister Shinzo Abe and encourages investors not to go against the central bank’s efforts to re-inflate the markets, a copy of a similar policy introduced by the U.S. Federal Reserve to revive the American economy at the height of the 2008 financial crisis.

The survey also pointed the bullish sentiments amongst hedge fund managers to the planned rotation of Japan's $1.1tln public pension fund out of government bonds and into stocks. Hedge fund managers believe that the move will boost the equity markets. Another positive note from Japan is the estimated $7.6tln invested by retail investors into stocks.

Tomas Jelf, chief economist at hedge fund Prologue Capital, reportedly said, "These numbers of mind-numbingly large."

Amongst the macro managers that are optimistic on Japanese prospects are long-time Japan bull Eric Mindich and his Eton Park Capital Management; Hugh Hendry's London-based Eclectica Asset Management; and the Fortress Investment Group’s hedge fund managed by Jeff Feig and Michae......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1