Reuters – Asia-focused hedge fund Central Asset Investments (CAI) has cut its entire exposure to Japan, including stakes in blue-chip companies such as Canon Inc and Toyota Motor Corp , its chief executive said on Friday.
Eddie Tam, whose CAI Global Fund returned 48 percent last year to become one of the top-10 multi-strategy hedge funds in the world, said he about 15 percent of his portfolio was parked in Japan before the country was hit by the massive earthquake.
