Hedge fund managers 'battening down the hatches'
People in hedge fund jobs are "battening down the hatches" in the wake of the ongoing crisis in Japan.
This is according to news agency Reuters, which noted hedge fund managers have been "keeping their heads down" in the market in recent days, with only a relative few making profits on the back of unexpected gains.
Speaking to the source, chief investment officer and co-founder of hedge fund jobs company Liongate Randall Dillard said that the news is surprising as "you'd think in a market like this that they would be extremely aggressive".
The yen has been anaemic since the country was hit by an earthquake and subsequent tsunami a week ago, with some voicing fears that Japan may be plunged back into recession if the country's currency continues to be weak.
Japan's most recent recession was its worst since the end of the second world war and the country has also been battling inflation levels for years.