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." 

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