Japanese investors increase hedge-fund exposure

JapanÆs big institutional investors raised their exposure to hedge funds in 2006 and are likely to do so again in 2007, but performance is becoming a worry, according to a survey by Nomura Research Institute.The survey was commissioned by the Tokyo chapter of the Alternative Investment Management Association, says Sadayuki Horie, senior researcher at NRI and chairman of Aima JapanÆs research subcommittee. He presented the findings at an Aima conference last week.NRI surveyed 18 instit…