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From Komfie Manalo, Opalesque Asia

The Japanese hedge fund industry is no different than the rest of the world in that the biggest problem is still asset gathering, said Rory Kennedy of Rogers Advisory in the latest 2013 Opalesque Japan Roundtable.

"Just like everywhere else, the bigger funds have gathered more assets than the smaller funds even though academic research from across the world has found that smaller funds outperform the largest funds," Kennedy told the panelists.

The 2013 Opalesque Japan Roundtable was sponsored by Eurex and Taussig Capital and took place on April 24th in Tokyo.

According to Kennedy, over the last couple of years, the biggest characteristic in Japanese hedge funds has been the lack of replacement for disappearing hedge funds. Globally, the hedge fund industry is known for its survival of the fittest nature. Every year, approximately 20% of hedge funds die and another 20% or so start up as new funds.

He added, "I do believe that this year that trend will change in Japan. Anecdotally, I do see a growth in new Japanese hedge funds. Some of those will be called pure Japanese hedge funds, and others may opt to label themselves 'North Asian’ funds saying they can inve......................

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