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Sumitomo said to liquidate Japan hedge fund as clients pull out

Redemptions have cut its assets to just over US$10m; industry is suffering its biggest outflows since 2009
Wednesday, September 7, 2016 - 05:50

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Sumitomo Mitsui Trust Holdings Inc is liquidating a Japan-focused hedge fund after investors withdrew money following poor performance, according to people familiar with the matter, adding to the list of casualties as the industry suffers its biggest outflows since 2009.

Singapore

SUMITOMO Mitsui Trust Holdings Inc is liquidating a Japan-focused hedge fund after investors withdrew money following poor performance, according to people familiar with the matter, adding to the list of casualties as the industry suffers its biggest outflows since 2009.

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