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.
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