SuMi TRUST Unveils Credit Fund Aimed At Japanese Pensions

Jan 27 2015 | 10:09am ET

SuMi TRUST Global Asset Services has recently launched a credit fund, which will be available exclusively in Japan.

The new vehicle, the BlueBay Global Investment Grade Credit Fund, has been structured as a Cayman Island open ended unit trust and will be distributed to the SMTB Trust Bank pension fund clients in Japan.  The fund, which launched with $69 million in assets, is managed by BlueBay Asset Management, one of Europe’s larges managers of fixed income and alternative investment products.

SuMi TRUST global Asset Services will be providing trustee, administration and global custody, through their affiliated companies in Cayman, Ireland and the UK, managing the transition to launch in partnership with SMTB and BlueBay. 

Ken Yoshida, a partner at BlueBay Asset Management, said: “We have found SuMi TRUST's efficiency, well established knowledge of the Japanese market and delivery to be of the highest quality.  We believe SMTB is very well-placed to promote this investment strategy to their Trust Bank clients and we are looking forward to a long term relationship together.”

Karl McEneff, CEO of SuMi TRUST Global Asset Services added: "We are delighted to be working with BlueBay to launch the Fund in partnership with our parent company SMTB, to deliver a superior structure and service model to support our Trust Bank Pension Fund clients.  BlueBay is a top tier investment manager and we look forward to expanding our relationship together going forward." 

In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...


CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...