Ex-Murakami Fund Executive Seeks 10 Billion Yen From Overseas
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Strategic Capital Inc., run by a former executive of Murakami Fund, is seeking to raise more than 10 billion yen ($86 million) from overseas investors within a year for an activist fund.
The fund will invest in Japanese companies with excess cash and pressure them to increase shareholder returns, Strategic Capital Chief Executive Officer Tsuyoshi Maruki, 55, said in an interview last week. The firm has about 9 billion yen in assets under management.