Japan funds up despite quake

JAPANESE hedge funds have posted steady gains over the first three months of this year, despite the turmoil suffered in the country following its massive earthquake and tsunami in March.

The volatile quarter for Asian financial markets failed to dent Japan-focused hedge funds, which posted a capital increase of more than $4.6bn (£2.8bn) to approximately $88.1bn, according to Hedge Fund Research.

The figure is the highest level since a 2008 peak for the funds.