Symphony sees strong special sits climate in Japan


David Baran

Symphony Financial Partners is anticipating a pick-up in Japan corporate events in the year ahead, creating potential new opportunities for its SFP Value Realization Fund. The Japan-focused special-situations equity strategy ended 2010 on a high note, with returns of 21.86% in November and 14.22% in December.

The fund’s performance in those months was largely attributed to SFP portfolio companies in Japan: a ceramics company which offered stakeholders a generous share buyback, and a medical equipment manufacturer which was wholly acquired by Hitachi Medical Corp.

David Baran, Symphony’s Tokyo-based CEO, foresees more corporate activity