New Fund to Take Advantage of Abenomics

January 28, 2014 Debbie Jacobs Hedge Fund News

Shinzō Abe

Shinzō Abe

Singapore-based investment manager Lotus Peak Capital Pte will launch a new fund of hedge funds on February 3, 2014. Abenomics Long Short Fund will get started with a $15 million beginning investment from Swiss and Asian family offices, and is designed to take advantage of Japanese Prime Minister Shinzo Abe’s plan to stimulate the Japanese economy, which is the world’s third largest.

Managing Partner Stephane Pizzo said that the new fund of funds will invest in 10 Japan managers across a variety of strategies with a strong focus on equity markets. Last year hedge funds invested in Japan became the world’s best performers. After 2 ½ years of investing in these funds by Lotus Peak, it was decided that a new fund should be created to take advantage of the Prime Minister’s economic policies.

The Eurekahedge Japan Hedge Fund Index posted a record-breaking 28 percent during 2013 in response to Abe’s increased government spending and as the Bank of Japan began an historical monetary easing. This two-pronged approach to economic stimulus was given the name “Abenomics.”

“Japan is one of the best opportunities in Asia and even globally for the next few years,” Pizzo said in a telephone interview in Singapore. “Japan has been underweight globally in the investors’ portfolio because over the past years, it was not performing. Now going forward, it’s a good opportunity to have one product to participate in this Abenomics move.”

Abenomics, Abenomics Long Short Fund, Japan, Lotus Peak Capital, Stephane Pizzo,

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