Hedge Funds Gain As Much As 200 Percent In Japan This Year

Small funds have been bagging big returns on many hot trades this year. We have talked about the outsized returns of bond funds in Greece previously, and now it seems some Japan-focused hedge funds are also beating the high end of returns. Eurekahedge's regional index for Japan was up 22.7% until the end of October, whereas the North-American and European indices have gained only 7.3% and 6.9% in the same period.

According to Bloomberg's Bei Hu, Northwest Warrant Fund Ltd. has taken in a gain of +203% through October...