Algebris eyes Japanese banks and Chinese cocos

Japan will continue to offer appealing investment opportunities this year, particularly in the financial sector, says Algebris Investments, a UK-based hedge fund manager with $1.5 billion in AUM.    The firm started taking long positions in the Japanese market in November 2012 – ahead of the launch of the Abenomics financial stimulus programme – at a time when “even the Japanese said, ‘you’re crazy’,” says Algebris chief investment officer Ivan Vatchkov. Japanese banks will bene…