SPARX Group Co., Ltd
 | |
| Public (K.K.) | |
| Traded as | |
| ISIN | 🆔 |
| Industry | Financial Services |
| Founded 📆 | 1989[1] |
| Founder 👔 | |
| Headquarters 🏙️ | Shinagawa, Tokyo, Japan |
Area served 🗺️ | |
Key people | Shuhei Abe[2] (Founder and CEO) Tadahiro Fujimura[3] (CIO) |
| Products 📟 | Investment Management |
| 💎 AUM | US $10 billion (2017) |
| Members | |
Number of employees | |
| 🌐 Website | sparxgroup |
| 📇 Address | |
| 📞 telephone | |
SPARX Group Co., Ltd (Sparx) is a publicly owned investment management company with approximately $10 billion in assets under management as of 2017. The firm was founded by Shuhei Abe in 1989, who was the former Japanese equity advisor to George Soros' Quantum Fund.[4][5]
Sparx is headquartered in Tokyo, with offices in Hong Kong, Seoul, and San Francisco. The firm has approximately 150 employees between the global offices. [6]
Investment Strategies
Sparx uses a fundamental analysis, bottom-up approach to make its investments. [7] [8] The firm operates venture capital, renewable power plants[9], real assets, and public equity funds investing primarily in Asia Pacific[10] and Japan.
Sparx expanded into Korea in 2005, buying Cosmo Asset Management, and into Hong Kong in 2006 purchasing PMA Capital Management.[11]
Activism
In April of 2007, Sparx took an activist position in Pentax, a camera equipment company, to negotiate the merger with HOYA.[12]
In April 2017, Sparx disclosed a 5% shareholding in Teikoku Sen-i, a Japanese manufacturer of fire-fighting equipment. Teikoku Sen-i held nearly 43 Billion Yen of cash and securities holdings.[13]
In January 2018, Sparx sent shareholder proposals to Teikoku Sen-I to triple its dividend and cut board member terms to 1 year from 2.[14]
Venutre Capital
In 2015, Sparx, Toyota Motor, and Sumitomo Mitsui Banking Corp., set up a 13.5 Billion Yen venture capital fund to invest in artificial intelligence, robotics, and the creation of a hydrogen based society.[15]
Renewable energy
Sparx operates 24 renewable energy projects (344MW) across Japan as of September 2017, consisting of wind, biomass, and solar.[16]
References
- ↑ "Bloomberg Company Description". Bloomberg. 2017-12-22.
- ↑ Inagaki, Kana (2017-06-10). "Sparx CEO Shuhei Abe's playlist included Bob Dylan and The Beatles". Financial Times.
- ↑ "決してブレないスパークスの安定感 モーニングスター投信アワード 受賞ファンドインタビュー". Forbes Japan. 2017-02-27.
- ↑ Schoenberger, Chana (2008-03-06). "Japan's Asia Play". Forbes.
- ↑ "リッパー・ファンド・アワード・ジャパン2017 受賞インタビュー スパークス・アセット・マネジメント". Reuters.jp. 2017.
- ↑ "スパークス・グループ". 四季報Online. 2018.
- ↑ "Sparks Group, a nationwide seminar on the theme of "Japanese stocks up to 2020"". searchina.
- ↑ "独立系老舗運用会社スパークスの阿部社長が投資家としての集大成と位置付ける投資信託". Toushin-1. 2016-02-26.
- ↑ "Land Ownership riddles in ageing Japan come at a cost, stifle economy". Reuters. 2017-12-20.
- ↑ "Hedge fund manager Sparx Group launches OneAsia Long Short UCITS Fund on MontLake Platform". hedgeweek.com. 2015-11-15.
- ↑ McLannahan, Ben (2012-02-05). "Japanese hedge fund manager out to stop the slump". Financial Times.
- ↑ Abe, Toshihiro (2007-04-24). "HOYA 戦略変更の裏事情". Nikkei Business Online.
- ↑ Fujita, Junko (2017-04-10). "Japan'sSparx seeks better return from firefighting gear maker". Reuters.com.
- ↑ "Sparx Calls for Teikoku Sen-i to raise dividend, cut directors' terms". Reuters.com. 2018-01-19.
- ↑ "Japan's Sparx, partners to fund fuel cell venture". Nikkei Asia Review. 2016-03-30.
- ↑ "Sparx launches $18 million renewables fund in Japan". O&G Links. 2017-11-24.
External links
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