murakami-admission-roils-activist-managers-in-japan

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 emerged as the æsmoking gunÆ. The Japanese media has responded with glee at seeing an upstart knocked into place.

The press has criticised him for æmeddlingÆ in corporate affairs, notwithstanding that these were companies in...
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