Nezu Asia Capital Management’s two Japan-focused hedge funds performed superbly despite the 8.2 percent decline of the Nikkei share index in March after the earthquake in Japan, according to Reuters. The Nezu Kuma Fund, which is seed funded by Julian Robertson’s Tiger Management, returned 10 percent in March, pulling its overall first quarter returns up to 6.2 percent.
Nezu Asia Capital’s other Japan-focused hedge fund returned 6.6 percent in March, giving it a 12.5 percent return for the first quarter. Nezu Asia’s hedge funds can attribute their returns to taking advantages of mispricing caused by the volatility of the Japanese markets.
Many other Japan-focused funds performed well in the first quarter with 85 percent of them beating the Nikkei.
Nezu Asia Capital Management is an Asian equity-focused hedge fund manager that was founded in 2000. The firm manages six hedge funds with assets under management of approximately $800 million. |
