Japanese Banks Latest Big Short for Top Hedge Fund on BOJ (2).

Japanese banks are the latest big short for a top-ranked hedge fund, thanks to the central bank's negative interest rate policy. Horseman Capital Management's hedge fund run by Shannon McConaghy is the best of 56 Japan-focused long-short equity strategies tracked by Eurekahedge Pte, after the manager started shorting regional banks at the end of last year. Banks surged today after the Bank of Japan decided to target the bond yield curve and refrain from deepening negative interest rates. [Extracted from the article]