Deals
This Hedge Fund Picker Is Betting Japan Inc. Will Change
- Wolver Hill to double allocation to strategy by end of June
- Founder Ed Rogers says he’s positive on governance overhaul
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Ed Rogers, who runs a fund of hedge funds in Tokyo, is adding another activist to his lineup, betting the strategy will pay off as Japanese firms become more open to overhauling their businesses.
Rogers’s Wolver Hill group, which already allocates about 5 percent of assets to an activist manager, plans to put money in a second such fund in the first half of 2018, increasing the total to about 10 percent, he said. He declined to identify the funds. Rogers expects more Japanese firms to reorganize their operations in the country’s drive to improve corporate governance, with his hedge fund picks profiting from the changes.