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Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at

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State Street Closes Japan FoHF

Feb 28, 2013
Jing Chen

The alternative investment unit of State Street Global Advisors has closed its Japan fund of hedge funds due to declining assets.

Asian Investor reported that SSARIS had about $10 million in assets under management at the time of closure.  The fund fell more than 3% in the first six months of 2012.

The Japan fund was primarily managed out of New York by SSARIS’s chief executive Mark Rosenberg and chief operating officer Jim Tomeo. It invested in hedge funds which primarily traded Japanese equities.

SSARIS’ fund of hedge funds business has approximately $1 billion in assets under management. State Street Global Advisors, the asset management division of financial services firm of Boston-based State Street Corp., has $1.8 trillion in assets under management.

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