Stock Picking, Large-Cap Rally Boosts Top Japan Hedge Funds

Bloomberg – Pickers of small company shares and money managers who anticipated a year-end rally in large-capitalization stocks were the best performers among Japan-focused hedge funds last year.

Hayate Partners Pte’s Japan Equity Long Short Fund returned 19.4 percent in 2014, boosted by its holding in F&M Co., a small provider of book-keeping services whose shares surged 83 percent. The Monterey Japan Equity Fund gained 19.8 percent from shorting smaller-cap shares that dropped toward the end of the year and benefited from central bank monetary easings that lifted stocks of food and pharmaceutical companies.

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