Sumitomo funds see assets boosted by Japanese pensions


A pick-up in subscription flow from Japanese pension funds helped the STB Japan Long/Short Fund 1 grow its assets under management to $80 million last year. The fund attracted $68 million in new subscriptions during the period.

The strategy’s more aggressive version, the STB Japan Long/Short Fund 1 Alpha, also saw strong inflows, with overseas funds of funds accounting for much of the new inflows last year and pushing AUM to $35 million.

Both funds adopt the same strategy but run with different degrees of leverage. The STB Japan Long/Short Fund 1 can leverage up to 200%, while