After years of drifting and uninspired performance, the long/short Japan equity focused Kubera-Yamato Fund is steadily delivering robust returns, its recent performance boosted primarily by long positions in small-to mid cap Japanese stocks.
It delivered a 6.62% return in September and 4.49% in October resulting in a 27.81% gain in the first 10 months of the year.
The Cayman-registered fund lost 6.35% last year, following a 5.65% retreat in 2010. During the year, it maintained a gross exposure of around 130-140% and a net exposure of 30-40%.
Its Tokyo-based investment advisor, Shunji Yamashina of Yamato Asset