Japan — long an investment managers’ graveyard — has become one of the most fertile markets for hedge fund managers in 2020 — and it is no surprise to see Warren Buffett placing a big bet on the country.

That’s the view of Patrick Ghali, co-founder of hedge fund consultancy Sussex Partners — a London based firm that advises large investors on allocating to hedge funds. And he says he is not telling them to pull in their Japan bets any time soon.