UK fund tries new tactic in face of Japanese ban

Guardian Unlimited- The Children’s Investment Fund has bought shares in two major investors in the Japanese company J-Power, weeks after its attempt to double its stake in the electricity supplier was blocked by the Japanese government.

The hedge fund – popularly known as TCI – bought minor stakes in Mizuho Financial Group, Japan’s second-biggest bank, Kajima Corp, a big construction company, and about eight other shareholders, as it exerts pressure on the management of J-Power ahead of its shareholder meeting next month.

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