People moves

Stats scales up Ginga fund following a healthy August

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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 and 0.15% in September despite the tumult and uncertainty sweeping through the market in those two months. That performance contributed further to a year-to-date return of 12.32%.

Yhu Kuni, who helps CIO Toru Hazhizume run the fund, says the firm hopes to see a near-doubling of