This report outlines how the Tokyo hedge fund industry is setting its sights on growth as players anticipate government initiatives will bear fruit and stimulate the sector further, including new legislation and adopting the use of English.
The 'Tokyo Fund Services in Focus 2020' special report comprises five separate articles listed below, these can be read individually or as a sequence.
By A Paris – A stable, clean country, with a sensible government – Japan is well set for building out its fund industry. Proposals are being made to overcome barriers like high tax levels and legal restrictions, promising lower income and inheritance tax rates. And although the timeline of these changes is yet unknown, the plans bode well for the growth of the industry.
Interview with Alvaro Tamura, Gordian Capital.
By Stanley Howard, Teneo Partners – Effective capital raising is generally a key, if not the primary objective of global fund managers when considering whether to establish a presence in Japan. Despite the Covid-19 induced acceleration of conducting business within virtual meeting environments, the positive impact of having a physical presence in Japan should not be minimised.
The alternatives and offshore business is gathering momentum in Tokyo as industry players witness growing demand and as government initiatives begin to bear fruit. This trend has led to changing technology needs as managers seek to accommodate global investors and adapt their infrastructure.
There is a continuing interest among Japanese investment managers to seek to broaden the suite of fund products they offer clients. They have been considering new structures and vehicles in order to provide a more diverse and efficient offering.