Secretive Hedge Fund Ends Years of Silence to Take On Japan Icon
May 23 2021, 11:32 PM
May 23 2021, 9:30 PM
May 23 2021, 11:32 PM
(Bloomberg) -- It was the rarest of public appearances. At Toshiba Corp.âs extraordinary general meeting in March, a lawyer, who didnât give his name, talked for four minutes about why shareholdersâ rights should never be infringed.
(Bloomberg) -- It was the rarest of public appearances. At Toshiba Corp.âs extraordinary general meeting in March, a lawyer, who didnât give his name, talked for four minutes about why shareholdersâ rights should never be infringed.
He was speaking on behalf of Effissimo Capital Management Pte, a secretive hedge fund that had avoided the spotlight for almost 15 years. Now it was coming out into the open, if only slightly, to spearhead a campaign to bring change at the conglomerate and by extension corporate Japan.