Performance returning to Sparx as it seeks new assets

Sparx Asset Management’s Japan long/short equity fund may be on the rebound after having lost money in 2006 and 2007. Three-year performance figures have improved and the firm is back on the road seeking to raise new assets. The long/short strategy and related separate accounts now have $830 million of assets under management, well down from the 2006 peak of around $3 billion. The fund manager is looking to raise assets back to $1.5 billion, which is the new capacity threshold followi…