Tokio Marine Asset to Set Up a Japan-focused RI Fund

Tokyo Marine Asset Management Co., an asset management unit of Tokyo Marine Holdings Inc., will set up an investment fund that will invest in 20-30 mid-cap listed companies in Japan and purse discussions with management to raise the value of the companies, according to Nikkei. Such dialogue is commonly referred to as "Engagement" in the context of Responsible Investment. The fund is to be created jointly with UK proxy voting service firm Governance for Owners and plans to fundraise about 50 billion yen globally.