And it seems that the Man Group PLC is reaping the benefit.
Hedge funds are set to benefit as Japanese individuals, who sit on almost $15 trillion of personal savings, shift investments away from equities after the benchmark Nikkei 225 Stock Average fell 11 percent last year. Japan accounts for about a fifth of Man Group's total $78.5 billion assets, up from some 5 percent in 2003, when Hayashi took over at the local unit.
I didn't know that the Man group actually started in 1783 as a sugar trader. Also it seems about time that the Japanese are getting tired of that .05 percent saving rate and losing money in their own stock market. Plus this Man Group is starting a seven different environment related hedge funds as well. Seems like a decent way to make a few extra bucks if you are a Japanese investor.
The firm in April said it set up Man Environmental Capital Opportunities to invest in environmental issues. China Methane Recovery Fund, its first project, raised 400 million euros ($617 million) to finance extraction of greenhouse gas from coal mines in Shanxi province. The methane can be burned to generate electric power while the project is expected to earn UN emission credits.
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