Launches & Closures

Sumitomo grows platform


Sumitomo Trust Finance (HK), which runs three Japanese equity long/short and two credit short biased funds on its platform, is opening up its exceptionally performing credit funds for domestic Japanese and global non-Japanese investors. The firm is also looking to add a new strategy in May.

The first credit fund, the Emerging Markets Event Long Fund, focuses on relative value among emerging markets' credit and equity markets and gain absolute return by setting events in macro economy as a profit opportunity. It was up 28.21% in 2008, while the Credit Event Long Fund, which has a similar strategy