Bloomberg- Bloomberg) — Hedge funds focused on Japan may stage a rebound after a two-year losing streak, said Ed Rogers, who runs the best-performing Japan-only fund of hedge funds in 2007.
More than $7.7 billion flowed out of hedge funds investing in the nation last year as the Eurekahedge Japan Hedge Fund Index lost 1.4 percent, according to Singapore-based research firm Eurekahedge.
“Most investors have abandoned Japan outright, so there is very little competition,” said Rogers, 43, chief executive officer of Rogers Investment Advisors Y.K., in an interview in Tokyo yesterday. His $10 million Wolver Hill Japan Multi- Strategy Fund returned 6.3 percent last year, the best performance among 31 similar funds, according to Eurekahedge.
