News 22
New Form of Japanese Activism Takes Shape
A new form of Japanese activism is emerging in what could signal
a reshaping of the role of Japanese institutional investors who
have long been considered passive and compliant.
Earlier this week, Tokio Marine Asset Management Co. said it has
launched a new fund with U.K.-based investment group Governance for
Owners LLP (GO).
With start-up capital of about ¥5 billion-¥10 billion ($62.24
million-$124.5 million), the fund is currently investing in about
10 small- to mid-cap listed firms in Japan with a market
capitalization of between ¥30 billion to ¥200 billion.
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Source - http://europe.wsj.com/home-page
