SSBT OD05 Omnibus

SSBT OD05 OMNIBUS ACCOUNT—TREATY CLIENTS and SSBT OD05 OMNIBUS CHINA TREATY 808150 are mysterious[1] investment funds holding significant stakes in more than 170 large Japanese publicly traded companies.[2] Although their stake in a single company never exceeds 5% (a level that requires greater disclosure under Japanese securities laws),[1] the total value of their stakes is exceeding ¥ 3.58 trillion[2] (app. $ 45 billion) as of 2012. Funds are registered in Australia, but investors are not known. It is widely believed that investors are China’s state-owned China Investment Corporation and State Administration of Foreign Exchange.[2][1]