Bayview’s New Alphex fund delivers despite Japanese gloom


Japan specialist Bayview Asset Management’s New Alphex Long Short Fund has generated a decent performance this year despite the string of calamities that have devastated the country’s northern parts. The fund was up a solid 2.1% in March, as compared to a 8.6% fall in the TOPIX, helping push the fund’s year-to-date return to 9.1%.

Ichiro Takamatsu, portfolio manager of the fund, expects volatility to come down substantially in the next few months and allow him to focus on generating more alpha returns. The fund is mostly invested in Japanese equities, in addition to Korean and Taiwanese equities.