{"id":59631,"date":"2017-08-24T08:57:11","date_gmt":"2017-08-24T12:57:11","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=59631"},"modified":"2017-08-24T08:57:11","modified_gmt":"2017-08-24T12:57:11","slug":"hedge-fund-crusade-stymied-as-japan-inc-clings-to-cross-shares","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2017\/hedge-fund-crusade-stymied-as-japan-inc-clings-to-cross-shares.html","title":{"rendered":"Hedge Fund Crusade Stymied as Japan Inc. Clings to Cross-Shares"},"content":{"rendered":"

(Bloomberg) Hedge fund manager Seth Fischer has a powerful ally as he campaigns for Japanese companies to sell their stakes in each others\u2019 businesses: Prime Minister Shinzo Abe. Not that it\u2019s made much difference. Kyocera Corp. still owns a $9 billion slice of KDDI Corp., the phone company with which it shares a founder, despite Fischer pushing since at least 2015 for a sale. Electronics-maker Kyocera offloaded a small part of the holding last year, but otherwise hasn\u2019t budged, and the investment makes up about 40 percent of its own market value. \u201cThey absolutely do not have to own the stake,\u201d Fischer, the chief investment officer of Hong Kong-based Oasis Management Co., said in a phone interview. \u201cWe will continue to engage.\u201d<\/p>\n

To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Bloomberg) Hedge fund manager Seth Fischer has a powerful ally as he campaigns for Japanese companies to sell their stakes in each others\u2019 businesses: Prime Minister Shinzo Abe. Not that it\u2019s made much difference. Kyocera Corp. still owns a $9 […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-59631","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/59631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=59631"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/59631\/revisions"}],"predecessor-version":[{"id":59632,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/59631\/revisions\/59632"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=59631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=59631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=59631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}