Jun
09
Hedge Fund Effissimo Boosts Stake in Japan Shipper to Key Level
ByEffissimo Capital Management Pte, the hedge fund set up by former colleagues of activist investor Yoshiaki Murakami, increased its stake in a Japanese shipper to a level that gives it the right to veto some proposals at shareholder meetings.
The Singapore-based asset manager now holds 34.1 percent of Kawasaki Kisen Kaisha Ltd., according to a regulatory filing submitted to Japan’s finance ministry Thursday. Effissimo has been reporting the position since September and is the company’s largest shareholder. Stock owners with more than a third of voting rights can reject resolutions on areas such as mergers or director dismissals…
Hedge Fund Effissimo Boosts Stake in Japan Shipper to Key Level
