A medal for valour is surely owed to any fund manager who has run a long/short equity hedge fund investing in Japan – a tough market to play – since 2008. Michael Kretschmer is just such a man who, along with his co-manager Richard Dingemans and new Tokyo-based analyst Keiichi Kuroda, has managed the Netherlands-based Pelargos Japan Alpha Fund, from investment boutique Pelargos Capital.
The fund has $155 million under management, all invested by Dutch insurance company Aegon.