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Opalesque Exclusive: Hedge Vision`s Japan Fund winding down and looking for new seed investor for a restart in promising Japan
Benedicte Gravrand, Opalesque Geneva: A Switzerland-based fund manager is winding down his Japan fund following a disastrous January during which most of his investors redeemed. Not to be defeated, and strongly believing that Japan, however unpopular, is a place of great opportunity, the manager has announced he will re-open the fund – as soon as he finds a seed investor.
Opalesque talked to Hedge Vision’s managing partner, CEO and senior portfolio manager, Stefan Bollhalder – who established the firm in 2006.
Good early days
Hedge Vision Japan Fund was launched in November 2006, pursuing a strategy of L/S Japan only, directional and trading oriented. 2007 was a good year with USD Class up 6.57%, ranking number 13 out of the 77 funds reporting under L/S Japan in AsiaHedge, outperforming the Japan L/S Index by 9%. Performance since inception had allowed to validate the good resistance in a difficult market, with the targeted volatility of 10% and with very low correlation to the market.
The Eurekahedge Japan Hedge Fund Index returned positive yearly numbers from 2000 to 2005, but not in 2006 (-2.64%) and in 2007 (-1.43%). 2008 started with a negative (-3.35% in January) but it is looking up now (+4.21% (est.) in April, -1.83% YTD est.)
Tragedy in January ...................... To view our full article Click here
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