Bottom-Feeder Stock Picker Crushes Peers With Obscure Japan Bets
- Tatsuro Nigauri’s fund is beating 99 percent of competitors
- Nigauri picks unloved shares, waits for some of them to rise
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In the dark depths of Japan’s market, one stock picker is showing up his peers by buying the kinds of companies that others wouldn’t touch.
That’s if they even knew about them at all. Tatsuro Nigauri targets unloved smaller shares in the Jasdaq venue, where the daily trading in each stock is less than 5 percent of firms on Japan’s main board. Once a company is cheap, Nigauri will probably buy it even if it doesn’t have great growth prospects, arguing some are bound to rebound.