Highbridge Alumnus’s Asian Hedge Fund Trails Japan Rally
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Arena Capital Offshore Fund, a Japan-focused hedge fund run by Highbridge Capital Management LLC alumnus Toby Bartlett, trailed its peers even as the nation’s stocks surged to the highest since 2008.
The $44 million hedge fund, backed by a division of Man Group Plc, returned 2.6 percent this year through April, according to its April newsletter to investors seen by Bloomberg News. This year’s gain compares with the 8.8 percent return by the Eurekahedge Asia Hedge Fund Index and the 19 percent gain by the index that tracks Japan-focused funds.