Hedge Fund Effissimo Stirs Speculation With Its Stake in Nissan
- Nissan’s shares have the lowest price/book ratio in Topix 500
- Hedge fund is likely also trying to protect other investment
Nissan Motor Co. vehicles at a Nissan dealership at dusk in Yokohama, Japan.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
What is Effissimo Capital Management Pte’s end game for Nissan Motor Co.?
The question has been swirling in Tokyo’s financial circles ever since a fund controlled by Effissimo took a 2.5% stake in the embattled carmaker. News of the investment sent Nissan’s shares soaring 13% on Nov. 12, the biggest one-day gain in 15 years.