Japan's low correlation to the US market makes it ideal for those who are worried about the outlook ...
Japan's low correlation to the US market makes it ideal for those who are worried about the outlook for North America, according to AIG Global Investments' former chief investment officer in Tokyo. Robert Howe, who set up a Japan long/short equity fund in June with Geomatrix Investments, warned of US volatility ahead and said the market is overbought and in need of a period of recuperation. Howe's fund invests in large and mid-cap Japanese stocks and targets returns 15%pa and above with a bottom-up stock-picking, long-bias portfolio. Goldman Sachs is the prime broker. It is aimed prima...
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