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.
The Asahi Shimbun
Dai-ichi Life Holdings Inc. plans to cut greenhouse gases emitted by companies it holds shares and bonds in by 25 percent by 2025 from the level recorded at the end of fiscal 2019, the insurer told The Asahi Shimbun.
It is rare for a leading life insurance company to set a short-term numerical target for measures against global warming in its asset management plan.
“It’s meaningless for businesses to operate on the planet if it becomes uninhabitable due to extreme weather,” Dai-ichi Life Holdings President Seiji Inagaki said in an interview with The Asahi Shimbun. “Life insurance companies can’t survive in such an environment, either.”
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TOKYO, April 1 (Reuters) - Japanese stocks rose on Thursday, as investors snapped up shares of semiconductor-related companies on the first day of the new fiscal year on hopes for robust corporate earnings.
The Nikkei 225 Index rose 1.17% to 29,520.65 by 0214 GMT, while the broader Topix rose 0.68% to 1,967.30.
The technology sector led the advance after U.S. chipmaker Micron Technology Inc forecast third-quarter revenue above analysts’ forecasts.
The mood for Japanese equities also brightened after the Bank of Japan’s tankan survey showed business sentiment has returned to where it was before the onset of the coronavirus pandemic.
“What’s happening with Japanese tech shares is a reflection of what is happening in the United States,” said Takashi Hiroki, chief strategist at Monex Securities.
LONDON (BUSINESS WIRE) Janus Henderson Group plc (NYSE/ASX: JHG; the ‘Company’) announces today the pricing of the secondary offering of 30,668,922 shares of common stock by its largest stockholder, Dai-ichi Life Holdings, Inc. (the ‘Selling Stockholder’), at a price of $29.25 per share. The Company has agreed to purchase, as part of the offering, 8,048,360 shares of common