Ex-Everest Hedge Fund Managers Turn Activists on Japan Stock

(Bloomberg) Volta Global, the family office run by former managers of hedge fund firm Everest Capital, has turned to activism in Japan. Miami-based Volta’s first target is a small construction company: it’s asking Asanuma Corp. to spend 10 billion yen ($92 million) on a special dividend or share buyback, and to hand over all its profit for the current financial year to shareholders, according to a March 19 letter to the Japanese company that Volta provided to Bloomberg. Volta also urged Osaka-based Asanuma to publish more information in English.

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