Kriya Capital's new Asia Japan Alpha Fund has performed well in its second month of operation, with notable contributions stemming from its positions in Japanese technology and industrials stocks.
The fund rose 2.34% in March as compared to a -1.06% returns in February, bringing performance since inception to 1.25%. Gross exposure rose to 210% and net to 20% at month end with the monthly average being approximately 150% and 25% respectively, for the Hong Kong-based firm.
In March, the firm commenced investing in Asia ex-Japan, with positions in Hong Kong, Malaysia, Taiwan and Thailand. The bulk of its exposure is