The Monex Group Inc subsidiary, Monex Inc, announced today that it had scheduled a public offering to occur for the Monex Activist Fund. This public offering has been set to occur on the 10th of June, 2020.
Creating “Activist 2.0”
The Fund’s goal is to stimulate sustainable growth within companies and will do so through ongoing, beneficial, and long-term engagements. These engagements are aimed to benefit both the companies and the investors equally, putting an emphasis on contributing to the long-term performance goals of various individual Japanese investors. Thus, Monex has taken to dubbing the Fund’s efforts as “Activist 2.0.”
Oki Matsumoto stands as the chairman of Monex Inc. He will leverage his experience of more than 20 years as a leader in Monex Group in order to help lead engagement. Matsumoto will be supported by the board members and top management of companies that the Fund has invested in, as well.
The Key Points
The Fund itself stands as a publicly offered investment trust fund, one sold by Monex Inc. The Fund itself is managed through Monex Asset Management Inc and will operate on the investment advice from Japan Catalyst Inc. Japan Catalyst Inc is, in turn, a company of Monex Group.
The Fund’s selection of investment target companies will come from a bottom-up and thorough research process. As one would imagine, the Fund will primarily focus on Japanese companies that are trying to undergo a transformation.
As it stands, the Monex Activist Fund has three main characteristics. The first is, as mentioned, it will focus its investments primarily on Japanese companies, ones that are currently undergoing a transformation.
The second is that engagement with these companies will occur in a comprehensive format, doing so through a group of professionals that are based in Japan itself. The Fund also seeks to realize a totally new kind of engagement, one that focuses on engagement with individual investors instead of companies.
A World Moving Forward
It seems that Monex Group is aiming big, trying to spur innovation within its country amid the chaos that is the COVID-19 pandemic and how it has economically impacted the world at large. Japan has been hit harder than most nations, however. Even now, as most of the world tries to ease up on the lockdowns, they’ve implemented to save their nosediving economy. The pandemic is still present, however, and all measures must be taken to stay safe from it.