同意なき買収 (TOB)

(Unsolicited Takeover Bid)

Wednesday, November 29, 2023

from 12:00 PM EDT

The Japan Society of Boston presents a networking talk and lunch at the Boston office of Covington & Burling.

Toby Rodes will talk about deleting the word "Hostile" and the new language for a nascent market for control in Japan, and implications for governance and the protection of minority interest shareholders.

Light lunch will be included.

Please register early since spaces are limited.

This event is sponsored by the generous support from Japan Airlines.

For any questions, please email info@japansocietyboston.org

About the Speaker: 

Thomas (Toby) Rodes founded Kaname Capital in 2018 to bring deep fundamental analysis and engagement to Japanese small cap listed public equity, a segment of the market where good companies can suffer material discounts owing to substandard governance structures. Prior to Kaname Capital, Toby spent thirteen years at GMO in the International Active division where he focused solely on the Japanese market as a senior portfolio manager. He also managed special situation value sleeves for the GMO Asset Allocation group. His greatest professional interest has always been in the small cap discipline where his Japanese language skills and ability to create relationships with management teams led to an informational advantage. 

His interest in the Japanese market was sparked by his first job as a research assistant at the Brookings Institution, where he was paired with visiting legal scholar, Jiro Tamura of Keio University.  He left Brookings after being awarded the two-year Rotary Japan Ambassadorial Fellowship, where he studied the Japanese language at ICU followed by research in Japanese Antimonopoly Law at Keio. He transitioned from his investment bank experience to fund management via a degree at the Harvard Kennedy School of Government, focusing upon macroeconomics, market regulation, quantitative tools, and game theory.  He has an abiding interest in how regulation interacts with incentives that influence market structure and governance regimes. He spends half of the year in Japan and lives in Cambridge, MA with his wife of 22 years and two kids. He also serves on the board of the Japan Society of Boston.