Japanese investment in hedge funds up 50%

The number of Japanese institutional investors allocating to hedge funds rose by 50% in 2002, according to a global hedge fund survey conducted by Goldman Sachs International and Russell Investment Group. This exceeded the global trend: the number of institutions globally investing in hedge funds rose by 40%. Among respondents, total hedge fund commitments reached ¥237 billion ($2 billion), a threefold increase over the ¥77 billion ($665 million) reported last year. That is because …