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Four Seasons Asia Investment To Launch Flagship Japanese UCITS Fund

Singaporean investment manager Four Seasons Asia Investment, a Japanese equity specialist, has announced plans to launch their new flagship long-only Japan UCITS fund in September 2018. The intention is to open up a strategy which was previously only available to institutional investors to a broader range of accredited investors.

Four Seasons was created in 2006 by CEO Shigeka Koda and Managing Director Kahori Ando, who both also act as Co-Chief Investment Officers, and have more than 50 years of investment experience in the space between them. Shigeka Koda spent 14 years at Goldman Sachs prior to founding Four Seasons, where he was Japanese Equity Senior Portfolio Manager. Kahori Ando spent 12 years at Sparx Asset Management before joining Four Seasons, latterly as Japanese Equity Senior Portfolio Manager. The firm is based in Singapore.

Commenting on the launch, Shigeka Koda said: “Global financial markets have been looking for a source of alpha since the end of the central banks’ ultra-easy monetary policy. Japanese equities are the third largest globally in terms of market cap, but the sector has been neglected by international investors for three decades. With deflation now leaving the system, demographic, technological and regulatory changes are combining to kick-start the Japanese economy.

“In particular, labour shortages and rising demand for labour will result in productivity improvements, rising wages, better management practices and increasing economic growth which will benefit Japanese equity markets and create significant opportunities to generate alpha. We focus on capturing change as a source of return, and the major changes underway in Japan are creating similar opportunities in Japanese equities as existed in U.S equities in the 1980s.”

The firm manages an existing long/short equity fund, again focused on Japanese equities.