TPG-Axon’s Singh Says Japanese Stocks Cheap, Profits on Rise
Dinakar Singh, founder of $4 billion hedge fund TPG-Axon Capital Management LP, said Japanese stocks are inexpensive and profits are rising there.
“You look at the U.S. and Europe -- there aren’t a lot of places where you see margins that have a chance to go up from here,” said Singh today in an interview on CNBC’s “Squawk Box.” “In Japan you still do.”
Singh, a former Goldman Sachs Group Inc. partner who co- founded New York-based TPG-Axon in 2004, said half his assets are invested in the U.S. His fund is up 12.5 percent this year through August, according to CNBC.
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