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Old-School Stocks Lifted Returns at This Japanese Hedge Fund

(Bloomberg) Akamatsu Fund, a $60 million Japan-focused hedge fund, is on track for its best returns in four years as bets on small-cap manufacturing stocks started to bear fruit. The long-short fund rose 2.2 percent in July, bringing its returns for the first seven months of the year to 12 percent, according to the fund’s monthly report to investors. The fund, which invests in stocks excluding Japan’s biggest 250 companies, rose as picks including Wavelock Holdings Co., a plastic manufacturer, and condom maker Sagami Rubber Industries Co. helped lift returns.
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