State Street Axes Small Japan Fund Of Funds

Feb 28 2013 | 10:57am ET

State Street Global Advisors has shuttered a Japan-focused fund of hedge funds.

The firm's SSARIS unit pulled the plug on the Multi-Manager Japan Equity Fund due to its low level of assets, thought to have been around US$10 million, Asian Investor reports. The fund's performance wasn't much to speak of, either: It lost 3.16% in the first six months of last year, leaving it down 1.83% since its inception eight years ago.

The fund was managed by SSARIS CEO Mark Rosenberg and Jim Tomeo, the unit's chief operating officer.


In Depth

Fund Focus: Asian Frontier Capital Offers U.S. Investors Access To Untapped Markets

Mar 2 2015 | 6:47am ET

Hong-Kong based asset manager Asian Frontier Capital is making a capital raising...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk Management: The Due Diligence Challenge And Branding Opportunity

Mar 2 2015 | 8:41am ET

The hedge fund firms that make it easier for prospective investors to gain comfort...

 

Editor's Note