Friday, 28 April 2017
Last updated 5 hours ago
Jan 25 2011 | 7:49pm ET
Sumitomo Trust & Banking Co. has shuttered a US$50 million hedge fund.
The firm’s asset management arm, Sumitomo Trust Finance, liquidated the Tactical Equity Concepts Japan on Dec. 20. The fund, which was launched in June 2009, lost 10% last year.
Sumitomo launched the fund with US$100 million.