State Street launches Japanese long/short fund

The firm is building components onto a Ɠmother-babyƶ structure of alternative investments.

State Street Global Advisors in Tokyo is launching a market-neutral longshort Japanese equities fund on March 29 aimed at Japanese institutional clients, mainly pension funds. The vehicle, which has already garnered Y2 billion in commitments from clients, is the first alternative investment fund that SSGA Japan will market and manage, says Eric Michel, president. It reflects an ongoing strategy by SSGA to build a flexible and integrated structure of funds for Japanese clients.

Koji Yamamoto, head of marketing, says demand among pension funds is rising for this kind of strategy, in which the firm goes long stocks it favours and short ones it doesnt, but maintains a market-neutral stance. It follows on...

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