Murakami admission roils activist managers in Japan

As Yoshiaki Murakami admits to insider trading, what are the implications for hedge fund activist strategies in Japan?

Yoshiaki Murakami has resigned his position as head of the eponymous Murakami Fund and owned up to insider trading violations. This admission pre-empts his likely arrest and follows the discovery of incriminating meeting notes written by LivedoorÆs president Takafumie Horie.

Can this be characterised as æOld JapanÆ protecting itself by conspiring to squelch the young upstarts The evidence suggests that in truth they nobbled themselves, as HorieÆs notes discussed their joint collaboration in stock purchases in Nippon Broadcasting. This has...

To continue reading, please login or register for free

Click for more on: murakami | hedge funds | activism

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...