The new fund will mirror the Melchior Selected Trust Japan Advantage Fund, which has outperformed the TOPIX Index by 11.8% since launch, with a return of 19.7% in yen terms against the index return of 7.9%.
Melchior Japan Advantage Fund will be managed by Akira Yoshimi, a senior fund manager at FuNNeX Asset Management. Before joining FuNNeX, Mr Yoshimi was head of the Japanese equity value team at Daiwa Capital Management where he managed over $1 billion of assets, primarily for institutional investors.
Magnus Spence, partner of Dalton Strategic Partnership, said: Akira Yoshimi is one of Japan’s outstanding fund managers. He carries with him an exceptional track record and a strong following among Japanese institutional investors who have been benefiting from his stock picking skills since 1994.
