Sector Zen celebrates five years of consistent results in Japan
Mon May 23, 2011
It may seem strange to invest in a beleaguered economy and to run a Japan fund from Oslo, but Trond Hermansen’s Sector Zen fund is often to be found top of the AsiaHedge league tables
Although the migration of Japan fund managers to Singapore a few years back is testament to the fact that you don’t have to live in Tokyo to manage a Japan fund, managing a Japan fund from Norway is bound to raise a few eyebrows. Sector Asset Management’s Trond Hermansen, manager of the Sector Zen Fund, is used to this, and he understands why people might be surprised. But with 16 years’ experience of investing in Japan and a consistent track record of making money there, he is perfectly comfortable sitting where he is, in Oslo.
“We work very independently, and our approach is deep-value based, looking at the long-term picture using a combination of asset-based metrics,” he says. “We fully understand that if our strategy was very focused on earnings momentum we would have to be based in the region, and do a lot more company visits...
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