Artisan’s $9 Billion Manager Eyes Backing Toshiba Plan to Split
- Rezo Kanovich says Toshiba split would speed decision-making
- But he’s against any low-priced sales to private equity
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Artisan Partners, one of the biggest U.S. investors in Toshiba Corp., generally supports the Japanese conglomerate’s plan to separate into three companies as a vote nears on the proposal that will decide the future of the more than 140-year-old firm.
Artisan is “in principle” aligned with the proposition, Rezo Kanovich, who manages more than $9 billion in a small- and mid-cap strategy for the Milwaukee, Wisconsin-based investment firm, said in a video interview. A split would make Toshiba’s sprawling business easier to manage and more understandable, Kanovich said.