Japan hedge fund index reaches all time high
The Eurekahedge Japan Hedge Fund Index has crossed the 200 point mark for the first time to reach its highest level on record, according to the index provider.
Japanese hedge funds have also experienced their strongest three month return on record, some 10.5%
“The promise of Prime Minister Abe’s policies have delivered strong gains to the Japanese market and the momentum looks set to continue for awhile. Certainly Mr. Abe seems convinced of this as he reflected at the CSIS forum that “Japan is back” and the market is following the flow. The Eurekahedge Japan Hedge Fund Index has climbed to its historical high, crossing the 200 point marking and gained 10.50% over the last three months; making it the strongest 3-months on record for the index,” Eurekahedge said.
Indices for Asia ex-Japan, Europe, North America and Latin America also showed positive performances, although Eastern European hedge funds ended the month with losses, the data suggests.
In terms of strategies it was event driven hedge funds that posted the strongest returns. CTA/managed futures posted the lowest returns, down -1.23% on currency and commodity price movements, Eurekahedge said.