Sun, Apr 20, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

SuMI TRUST’s Global Asset Services division has expansive plans for 2013

Tuesday, February 26, 2013

By Beverly Chandler, Opalesque London:

Hong Kong based Joost Lobler is head of sales for Asia, ex-Japan for the Global Asset Services division of SuMI TRUST, the company that was previously known as Sumitomo Mitsui Trust Group. The original company had been through some significant changes in recent years, with Opalesque reporting on its sale by Daiwa which was completed in November 2012.

In an interview with Opalesque, Lobler explained that SuMi TRUST has big plans for the fund services division. "A company like SuMi TRUST didn’t buy us just to hold us, they bought us with a purpose" he says. SumiTRUST is the largest trust bank in Japan, managing $700bn in assets, the majority of which are drawn from Japanese institutions. The firm is the only Japanese bank that owns a global fund administrator, administering onshore funds and now diversifying into offshore fund administration, thereby creating synergies within the Group.

"They already work with hedge funds in a different capacity, advising institutions on investing into hedge funds" Lobler explains. "There is a lot of knowledge about hedge funds within the group." SuMi TRUST also owns Nikko Asset Management, which is partly a retail manager but also has alternative investment funds and managed accounts. SuMi TRUST is al......................

To view our full article Click here

Banner
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  3. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  4. CTAs could face new challenges in a rising rates environment[more]

    Bailey McCann, Opalesque New York: CTAs have taken a beating performance wise lately, and asset flows reports show that investors aren't sticking around to see how the movie ends. Now, a new white paper from Roy Niederhoffer and Coen Weddepohl notes that as interest rates start to tick back u

  5. Commodities – Popular value fund manager David Iben bets on Russia, gold,[more]

    From Reuters.com: With large bets on Russia and North American gold miners, one of the best performing stock pickers in the wake of the 2008 financial crisis is back with a new fund that reflects his deep aversion to following the crowd. In the Kopernik Global All-Cap Fund, David Iben is follo