AlphaGen Japan team stays upbeat
Thu Jul 19, 2012
While many managers remain downcast about the long-term future of Japan’s economy, John Stewart, portfolio manager of the AlphaGen Hokuto and Tenro funds, believes that focusing on the near term can help to manage the worrying structural factors
Pessimists are quick to note that Japan's economy has been in
the doldrums for two decades. But John Stewart, director of
Japanese equities at Henderson, fund manager of the AlphaGen
Tenro and AlphaGen Hokuto hedge funds, isn't one to be
distracted by such pundits.
In the two decades that Stewart has been watching Japan, he
has seen plenty of ups and downs, but he stays focused on the
"I've never had a long-term view, or never had one which
impacts my portfolio construction," he said. One of Stewart's
philosophies, he explained, is that ultimately, it's cyclical
factors that drive share prices during what he considers his
investable time horizon of up to one or two years.
During the top of a cycle in Japan, there is always a lot of
enthusiasm and talk that Japan is changing. On the flip side,
The full contents of this article are available to active AsiaHedge subscribers and trialists only.
TAKE A FREE TRIAL
To continue reading please, take a free trial or subscribe to AsiaHedge.
Subscribers have unlimited access to all current content, including hedge fund performance Live League Tables. Start your subscription today - click on the button below.