Stats Investment sees scaled up long/short Ginga fund


Tokyo-based Stats Investment is seeing stronger appetite among Japanese pension funds for its $140 million Ginga Service Sector Fund given the latter’s robust performance this year.

The long/short Japanese equities fund, which was launched in 2006 and invests in Japanese IT/telecoms and service sectors, recorded a 2.26% return in August despite the tumult and uncertainty sweeping through the market that month. That performance contributed further to a year-to-date return of 12.14%.

Yhu Kuni, who helps CIO Toru Hazhizume run the fund, says the firm hopes to see a near doubling of its asset size as it attracts flows