A Japanese activist investor who took over as president of one of his target companies has now started an equity fund and is seeking U.S. investors including family offices as clients.
Yasuto Monden, who has worked in the financial industry since 2000, is focused on undervalued small and mid-cap Japanese stocks in his new fund, Axium Capital. He’s aiming to increase fund assets to ¥100 billion ($678 million) in two years, from tens of billions of yen currently, and to gradually expand into larger-cap stocks.
Singapore-based Axium started operations in July, and saw about ¥6.5 billion in capital inflows in August alone, according to Monden. Investors included U.S. university endowments and "fund of funds” managers that take stakes in funds rather than individual shares. To support this expansion, he plans to hire about six more people including back-office staff within a year.
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