Japan Hedge Funds Post Best Single Day Performance, Goldman Says
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Japan-focused hedge funds erased their losses from Monday’s trading turmoil, posting their best ever single day performance, according to Goldman Sachs Group Inc.
The Japan manager group rose 3.6% intraday on Tuesday amid a global market rebound, reversing the setback seen a day before when such funds saw their largest single day drawdown, data compiled by Goldman’s prime brokerage showed in a report.