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Tokoy-based Rogers Investment Advisors YK reported that the Wolver Hill Japan Multi-Strategy Offshore Fund, USD Class, a FoHFs, returned 1.68% in November, 2.45% YTD – annualising +4.36% since its November 2006 inception, against the TOPIX at -27.20%. The fund manages $5.8bln.
Ed Rogers, Principal at Wolver Hill Asset Management, commented: “12 of our 14 underlying funds reported positive numbers for November. This is the highest "winning percentage" in our portfolio in almost 2 years. With the complete collapse of investment bank trading desks in Oct, and the withdrawal of many of the larger US funds from Asian trading, there are fewer and fewer competitors in the Japanese investing space. November may mark the beginning of a significant run of positive performance for Japanese hedge funds even in the face of negative long only index returns - similar to the situation we saw in 2001-2002.”
The firm plans year-end investor meetings in Tokyo on December 11th and in New York on December 17th. RSVP to Info@RogersIA.com.
See last year’s Opalesque Exclusive on Wolver Hill:
Exploring the FoHFs universe (part 8) – FoHFs in Japan can perform well through intelligent diversification and a lot of face to face time
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