$2 Billion Japan Fund Says Good Riddance to 'Dumb Money'

``The chief executive officer of Taiyo Pacific Partners LP says he welcomes the selling by overseas investors as it gives him a better chance to beat his benchmark. His logic is that many money managers invest indiscriminately in Tokyo, pushing up the entire Topix index and making stock-picking less effective. Heywood says his fund is outperforming the equity gauge this year, while declining to give details. ''