RMB Capital appoints Masa Hosomizu as portfolio manager
RMB Capital, an independent investment advisory firm with more than USD3.5bn in assets under management, has hired Masa Hosomizu as a portfolio manager on the RMB Asset Management equity team.
With the addition, RMB is now able to offer its clients the ability to invest in substantially undervalued Japanese stocks through a variety of products and programmes.
"Many investors are looking to capitalise on the current macro-economic rebound in Japan – aggressive policy actions in the form of 'Abenomics' have begun to stir the country's prospects following a two-decade long malaise," says Dick Burridge, chief executive and chief investment officer, RMB Capital.
RMB believes there are significant opportunities in Japan for long-term investors, particularly in smaller companies. Despite the large number of opportunities, US institutional and high-net-worth investors have relatively few options for Japan-focused products across the spectrum of mutual funds, exchange-traded funds (ETFs), closed-end funds, separately managed accounts, and partnership vehicles. By launching its proprietary Japanese Equity Strategy, RMB is able to deliver one of the very few separate account strategies in the US that is focused primarily on Japanese small-cap companies. In addition, for accredited and qualified investors, RMB offers a fund vehicle that includes less liquid, micro-cap companies.
"What a lot of investors don't appreciate are the micro-economic factors at play in corporate Japan today," says Burridge. "Companies are buying back stock, increasing dividends, and pursuing strategies to grow their end markets. Japanese stocks--and smaller-cap companies in particular--remain cheap relative to their history and to their peers in the rest of the world's markets. And even if this was more widely understood, investors are hard-pressed to find a vehicle or strategy that gives them access to a concentrated portfolio of significantly discounted individual names. We're very excited to now offer this access to our clients."
Hosomizu joins the firm as a portfolio manager on the equity team of RMB Asset Management, which is a unit of RMB Capital. He couples a deep knowledge and understanding of his home country with the fundamental analysis and stock-picking expertise he has accumulated since coming to the US in 2001. In his role, Hosomizu will oversee all of the firm's Japan-focused investments. His disciplined research process includes both qualitative and quantitative analysis, supported by regular travel to Japan for meetings with companies and their management teams.
Prior to joining RMB, Hosomizu spent eight years with Coghill Capital Management. Most recently, he served as portfolio manager for Coghill's Japanese small-cap strategy with sole discretion over all securities selection and trading. Before Coghill, Hosomizu worked for Nomura Securities Company, the largest brokerage and investment banking firm in Japan, in a variety of roles.
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