Hedge funds troll for Japan's wealthiest

National Dec 1, 2008

Hedge funds troll for Japan's wealthiest

The city of Ashiya, Hyogo Prefecture, has been home to the nation's industrial titans since samurai ruled the land more than a century ago. Now it is a feeding ground for hedge funds tapping the wealth of new multimillionaires like Kunihisa Sagami. Sagami, founder of ...

Business Nov 26, 2008

Hedge funds to draw interest as industry weathers storm: Credit Suisse

Japan's hedge-fund industry, dominated by so-called long-short funds that bet on rising and falling stock prices, will attract capital on signs they are starting to outperform their peers, Credit Suisse Group AG said. The 81-fund Eurekahedge Japan Long-Short Equities Index fell 11 percent this year ...

Business Aug 14, 2008

Japan's insurers look abroad as profits fall

Slowing premium growth may force Japan's insurance companies to seek more takeovers abroad to counter declining profits in the world's most rapidly aging country. The seven biggest casualty insurers, including Tokio Marine Holdings Inc., this week reported a combined first-quarter profit of ¥70.8 billion, 37 ...

Unhappy shareholders start gunning for underperforming managers

Business Jun 26, 2008

Unhappy shareholders start gunning for underperforming managers

A year ago, executives at publicly traded companies defeated all 85 proposals put forward at general shareholders' meetings by investors seeking higher returns. Shareholders are going after the managers themselves this year. As Japan's more than 1,500 publicly traded companies hold annual meetings this week, ...

Business May 10, 2008

Japan still good place to invest: Nikko Asset

Despite the possibility that the government may block a hedge fund's bid to increase its stake in a power utility, Japan remains an attractive place to invest because of low valuations, Nikko Asset Management Co.'s president said recently. Bill Wilder, who more than doubled Nikko's ...

Business Mar 20, 2008

Private equity deals still flow amid credit crisis

Japan's private equity market will see a "steady flow" of transactions even as rising funding costs cripple deals elsewhere, said the cofounder of the nation's largest buyout fund. "We've heard about the subprime effect in the United States and that leveraged buyouts have come to ...

Business Sep 29, 2007

Stricter law forces companies to tighten funds pitch

Mitsubishi UFJ Financial Group Inc. and Nomura Holdings Inc. are among Japanese financial companies being forced to tighten marketing of mutual funds as a law to protect individual investors comes into effect next week. Regulators in the world's second-biggest securities market will require clearer disclosure ...

Business Aug 30, 2007

Hedge fund numbers, assets mushroom as stocks languish

Hiromichi Tsuyukubo ran the best-performing fund in Japan at Mitsubishi UFJ Asset Management Co., an arm of the nation's biggest lender. Then, after six years, he decided to join a hedge fund. "Back at my old job, I couldn't protect my clients' money with all ...