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Taiyo Pacific Partners becomes major shareholder in Matsui Securities

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Taiyo Pacific Partners announced Thursday that it has accumulated in excess of 5% in Matsui Securities Co to become Matsui Securities’ fourth largest shareholder. Taiyo Pacific Partners is known for its cooperative investment style working with senior management to enhance shareholder value.

Brian K Heywood, Chief Executive Officer and Managing Partner of Taiyo Pacific Partners, said, “We have tremendous respect for the innovation and focused strategy Matsui Securities has brought to the brokerage industry. They were the leader in shifting from a traditional brokerage business to an efficient online model in response to deregulation. They have continued to develop trading platforms which provide retail investors with competitive tools at a reasonable price. In this very competitive brokerage business, we believe that President Matsui will continue to drive further innovations which benefit both Japanese retail investors and Matsui shareholders.”

Taiyo Pacific Partners, located in Kirkland, Washington, was founded by bilingual professionals dedicated to friendly shareholder activism in Japan. Taiyo currently manages over $1.7 billion in assets for institutional investors. The Taiyo Fund was launched in July 2003. The investment committee consists of Taiyo’s three managing partners and Chairman Wilbur L Ross, Jr.

© Business Wire

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