Hedge Funds in Japan Will Attract Capital, Credit Suisse Says

Japan's hedge-fund industry, dominated by so-called long-short funds that bet on rising and falling stock prices, will attract capital on signs they are starting to outperform peers, Credit Suisse Group AG said.

The real story here might be the Yen appreciation play. For quite a long time capital markets in Japan have been supressed by the suppression of the Yen. With the Yen appreciating as the carry trade unwinds, many Yen-denominated hedge fund turkeys are likely to fly.