(Opalesque) The demand for Japan hedge fund is both slow and fast at the same time, said Alex Kinmont, CEO of Milestone Asset Management. Speaking at the latest Opalesque Japan Roundtable, Kinmont pointed out that the big U.S. endowments have scarcely moved into Japan, with the exception of allocations to activists, “so that’s where you have the fast and slow”.
Kinmont further explained, “Activists have the fast money and everybody else is scrapping over smaller and slow to move allocations. Europe and Asia have had their own issues. Asia will continue to suffer probably from a stronger dollar, and Europe really looks a mess. UCITS formats are good for long-only strategies but regulations and costs are quite unfriendly to hedge fund strategies.”
