Bloomberg – Ginga Explorer Fund, a Japan-focused hedge fund run by Stats Investment Management Co., is focusing on construction stocks on expectations new stimulus measures will revive the domestic economy and boost demand.
Ginga returned 9.3 percent in January after a 23 percent gain in 2012, said Masamitsu Ohki, who manages the fund. The performance helped lure 1 billion yen ($11 million) in new allocations from investors this month, helping bring back the assets to 2.1 billion yen after Tokyo-based Stats was punished over negligent management of a pension fund in October, he said.
