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SuMI Trust Hiromitsu Tanaka

Fund of hedge funds manager Kairos launches dedicated multi-strategy fund for Japanese investors


Kairos Investment Management (Kairos) has launched the SuMi-Kairos Multi Strategy fund which is being managed by Kairos for distribution into the Japanese market by Sumitomo Mitsui Trust Bank Limited (SuMiTB). 

The fund has been set up as a Japanese domestic fund structure to purchase a dedicated fund of hedge funds vehicle already managed by Kairos. 
The fund, which was launched in late December and has grown to USD170 million with additional investments planned, is being sold to individual and institutional investors in Japan by SuMiTB and will be one of the core mid to long-term alternative investment products within the Bank’s ‘wrapper’ service for High Net Worth Individuals.
SuMi TRUST is providing trustee, administration and global custody services and the new fund has been added to SuMiTB’s established Cayman Investment Trust platform. SuMiTB is the number one Trust Bank in Japan by market share, assets under custody and assets under management and has established relationships with a number of leading global investment managers. Kairos has been selected for its successful long term record in managing low volatility portfolios of multi-strategy funds and for its proven ability to serve efficiently both institutional and retail clients. The fund aims to reproduce the risk-return profile of its flagship multi-strategy fund, which has received several industry awards for achieving superior risk adjusted performance since its inception in 2002.
Stefano Prosperi, CEO of Kairos London office, says: “We are delighted to be working with SuMiTB with their strong track record and pedigree in the Japanese market.  We have found SuMi TRUST's efficiency and delivery to be of high quality to bring this new fund structure to market in such a quick time.  We believe SuMiTB is well-placed to promote this investment strategy, which is particularly suitable for its individual and institutional clients".
Hiromitsu Tanaka (pictured), CEO of SuMi TRUST Global Asset Services, says: "We are delighted to be working with Kairos, a hugely experienced and established investment manager, to provide full administration and affiliated services.  Over the past 18 months we have launched a large number of specialist funds in collaboration with some of the world's leading and most prestigious asset managers and in partnership with our parent company SuMiTB we look forward to expanding our relationship with Kairos going forward." 

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