According to Eurekahedge, not a single Japanese hedge fund has been launched this year. It’s just as well – they would have had a hard time raising money given that some existing funds have made double-digit losses in 2006.
Investors are understandably beginning to get nervous, especially so given that this is the first time in Asia that a hedge fund sector has really struggled. Eureka’s Japan index has lost 5% since the beginning of the year, underperforming the Nikkei. And to make matters worse, it’s not just a handful of small,...
