Future Fund taps secretive hedge fund for Japan activist strategy
Activist and event-driven hedge fund Effissimo Capital Management has joined the likes of Maple-Brown Abbott and Wellington Investment Management on the $237 billion Future Fund’s roster of active equity managers.
The Singapore-based Effissimo has tried to avoid the spotlight despite playing a decisive role in several of the biggest governance stories in Japanese corporate history.
It was founded in 2006 by former employees of Yoshiaki Murakami, who pioneered activist investing in Japan with his “Murakami Fund” but was later hit with a two-year suspended prison sentence for insider trading in the shares of Nippon Broadcasting System. Effissimo itself has won backing from the likes of Canada Pension Plan Investment Board as well…
