Effissimo Buys the Dip Amid Japan Market Turmoil, Filings Show
- Purchases of UACJ, Sanken shares made amid historic stock rout
- Activist appears to have taken advantage of falling prices
This article is for subscribers only.
Effissimo Capital Management Pte took advantage of last week’s historic market meltdown in Japan to boost its stakes in a handful of stocks including UACJ Corp. and Sanken Electric Co.
The Singapore-based activist fund increased its holding in the companies to 17% and 25%, respectively, through purchases made over several days, according to filings made to Japan’s Ministry of Finance on Thursday. A large chunk of those came on Aug. 5, when the market plummeted on worries over tighter monetary policy.