Tokio Marine launches Japanese engagement fund

japan_map_Tokio_MarineTokio Marine Asset Management and Governance for Owners are planning to launch a Japanese engagement fund which will give institutional investors the opportunity to engagement with Japanese companies to add long-term value. The TMAM-GO Japan Engagement Fund (Jef) will invest in underachieving quoted companies in Japan and engage with management and boards by utilising a Japanese way of engagement to improve long-term performance. The fund will invest in ten to thirty small to mid-cap Japanese companies, with an investment time horizon of three to four years, and aims to be a leading shareholder in each firm. It is a pooled fund which will allow institutional investors in Japan and internationally to co-operate in helping to add long-term value to Japanese companies. A major client of Tokio Marine intends to invest at launch and discussions are beginning with a number of other potential investors. The fund has the potential to grow over time to JPY100bn (€0.8bn). Akiyoshi Oba, chief executive, Tokio Marine Asset Management said: "With poor returns to shareholders over the past 20 years, the Japanese equity market needs a catalyst for change.  We believe that the Japan Engagement Fund, combining Gol and GO Japan’s skill in collaborative engagement and Tokio Marine Asset Management’s expertise in Japanese equities, will help spark management and boards at Japanese companies to focus on creating long-term shareholder value." Jef is a collaborative venture between Tokio Marine AM, Governance for Owners (Gol) and Governance for Owners Japan KK (Go Japan), Gol's Japan-based subsidiary. Gol is an independent partnership between major financial institutions, shareowners and executives dedicated to adding long-term value for clients by exercising owners’ rights. ©2011 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.