Ed Rogers Says AIJ Declined Business After Due Diligence Request

Ed Rogers, chief executive officer of Tokyo-based Rogers Investment Advisors, speaks on Bloomberg Television from New York about AIJ Investment Advisors Co., the Japanese fund management firm that was suspended for possible losses.

“We were introduced to AIJ over a year ago, and when we expressed interest in doing due diligence on them, they came back and said ‘We don’t want you to do due diligence. We’re not interested in anyone who has any foreign investors.’ The reality is people like AIJ won’t let us come in the door.”