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Mar 27, 2019
byAkane Hashimoto

Japanese Bank's Hunger for CLOs Shows No Signs of Abating"Demand comes from regulatory reasons. Subordinated tranches can be a potential investment opportunity for unregulated investors." Japan Watchdog Accuses Citigroup Unit of Manipulating Bonds Futures Market"Again, Citigroup. May be worthwhile checling who is behind."

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Recent News

J-REIT:Notice Concerning Acquisition of Domestic Real Estate-Hankyu Hanshin REIT

Mar 26, 2019
byInvestment in Japan

J-REIT>Hankyu Hanshin REIT' announcementHankyu Hanshin REIT, Inc. (hereafter “Hankyu Hanshin REIT”) hereby notifies that Hankyu Hanshin REIT Asset Management, Inc., the asset management company that Hankyu Hanshin REIT has selected to manage its assets (hereafter the “Asset Management Company”), today decided to make the following acquisition.

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Noriyuki Morimoto's Blog

Is TEPCO Holdings worth investing in?

Mar 25, 2019
byNoriyuki Morimoto

Stocks can be objects of speculation, and also be assets to invest in. Then, what is the requirement for a stock to be eligible for investment? The answer is that its uncertainty can be measured in a reasonable manner. Uncertainty is inevitable for any business, but when that uncertainty cannot be rationally measured, the stock price can easily fluctuate due to arbitrary expectations: it may be interesting for speculation, but hardly becomes an asset to invest in. For reasonable measurement to be possible, uncertainty must be manageable. If you can manage it, you are obviously able to measure it. If it cannot be measured, some management method must be devised under the that premise. The risk of an accident at a nuclear power plant is not completely excluded under the highest degree of safety standards, and it is impossible to estimate the amount of damage resulting from an accident. Therefore, it is a typical case of unmeasurable uncertainty. That is why the ultimate responsibility of the government has to be stated by law. So long as the law is functioning, unmeasurable uncertainty is placed under manageability, and TEPCO Holdings could become worthy of investment. But is TEPCO Holdings still eligible for investment? Under the political uncertainty around the future of nuclear policies, it seems that the uncertainty of nuclear power projects has lost its manageability. TEPCO Holdings is a listed company: the Tokyo Stock Exchange is not an organization that determines the value of the company’s shares, but it simply had to allow listing to continue as long as formal standards were met. Being listed means it is automatically included in the calculation of the Tokyo Stock Price Index. Once included in the index, it is included in the portfolio for index investing. This shows that TEPCO Holdings rightly stands as an asset to invest in...But isn’t this a faulty logic?

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Updates

Mar 15, 2019
byHC Asset Management

The Market Data had been updated.

 

Please reffer to the following.

>Equity

>Debt/Bond

>Evolving Investment Opportunities

 

Mar 20, 2017
byHC Asset Management

Our CEO Noriyuki Morimoto contributed an article to 20 March issue of Weekly Financial Affairs

 

Our CEO Noriyuki Morimoto wrote “What does the merger between Trust Companies of Mizuho Group and Mitsui Sumitomo Group lead to?” for 20 March issue of Weekly Financial Affairs

Mar 10, 2017
byHC Asset Management

Our CEO Norinyuki Morimoto contributed a chapter in the textbook for Kinzai’s remote learning program. Kinzai is a leading Japanese publication specialised in finance.

 

Our CEO Noriyuki Morimoto wrote the 1st Chapter “What is fiduciary duty?” for Kinzai’s textbook “Practical Application of Fiduciary Duty Principles”

Feb 01, 2017
byHC Asset Management

Our CEO Noriyuki Morimoto contributed an article to the February issue of Monthly Energy Forum

 

His article “[TEPCO] should strive to become a top global energy utility.” was one of the feature articles for “Big Bang after dismantling of TEPCO”

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