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  • James Grant's Long Case for the Yen  [View article]
    <em>Late in February, for example, a Japanese fund manager did the heretofore impossible. Ichigo Asset Management, with all of $25 million under management, solicited more than 42% "no" votes to oppose the proposed acquisition of Tokyo Kohtetsu Co. by Osaka Steel, a union blessed by the two corporate managements and therefore, under the old rules, a done deal. But the rules have changed, and the merger is off.</em>

    Except, as far as I know, the 'Japanese fund manager' in question is actually Scott Callon, an American. I suppose it doesn't really matter, but it's a tad confusing. Should he be "The manager of a Japanese fund?" Is it necessary to mention that Ichigo is a Japanese fund under foreign management?
    Mar 19 03:21 am |Rating: 0 0
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