Emerging Markets, Japan Hedge Funds Big Losers In January

As global markets plunged in the first month of new year, the trades that generated the most profit in 2013 came under fresh critique. One of the most noteworthy dips was seen in Japanese markets, where the Nikkei fell nearly 10% in the last month and the yen gained 3% against the U.S dollar. These swings brought losses to Japan-focused hedge funds, which won the crown with outsized gains in 2013. Emerging markets sold-off on QE taper Admittedly Japan was not the only market that reversed course. Emerging markets, EU and U.S all shook at the beginning of the year….