David Snoddy, who ran the Tokyo office of Tiger Management before setting up his own firm, plans to launch a Japanese stock fund next month that focuses on companies with strong cash flows, solid balance sheets and excess cash.
Snoddy said the Nezu Engagement Fund will aim to have a size of several hundred million dollars and will invest in 15 to 20 firms that increase market value with a balance of dividends, perks and share buybacks.
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