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TPG-Axon’s Singh Says Japanese Stocks Cheap, Profits on Rise

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Sept. 10 (Bloomberg) -- 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.

To contact the reporter on this story: Katherine Burton in New York at kburton@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net

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