Small Japan hedge funds beat the Topix in returns
The gains stand out even against the backdrop of rising returns, which are buoyed by a rebound in the nation's stocks amid optimism in the global economy
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AIMING small is helping some Japanese hedge funds deliver outsized returns.
Simplex Asset Management Co's Japan Lower Market Strategy Fund, which scours the nation's three regional exchanges for small-cap stocks, returned 29 per cent in the first six months of the year. Eschewing big-name companies also helped Sparx Group Co's Value Impact Fund gain 19 per cent in the first half, while Strategic Capital Inc's activist fund added 15 per cent, according to the firms.
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