PraxisIFM support LSE launch of NAVF

Wednesday 10 June 2020

PraxisIFM Group has provided services to the Nippon Active Value Fund (NAVF) in its listing on the London Stock Exchange in February 2020, the only one of its kind so far this year.

The firm is providing administration and corporate secretarial services and the Group’s Alternative Investment Fund Manager (AIFM), International Fund Management Limited based in Guernsey, is providing AIFM services.

The fund’s IPO raised £103 million based on its strategy to invest in attractive and undervalued Japanese listed companies where there are opportunities to realise value for shareholders through active engagement with management.  

NAVF’s lead investment manager at Rising Sun Capital, James Rosenwald, has over 40 years’ investment experience in Asia. 

"The Japanese equity market had been seeing interesting levels of growth in recent months and should be expected to be an attractive place to invest in the future once the COVID-19 turmoil has passed," said Mr Rosenwald. 

"PraxisIFM Group companies have been integral to the success of the NAVF launch and we are pleased to have had its proactive support of the fund."

Brian Smith,  Managing Director of  PraxisIFM  Fund Services (UK) said: "The NAVF launch  was exciting to be a part of and is a great addition to our  portfolio of listed fund clients."

Shaun Robert, Director of International Fund Management Limited, said: "It is always a great opportunity for our team to work with international clients. Providing the necessary substance for NAVF has been a fantastic way to showcase the benefits of the Non-EU AIFM to a London listed company."

Pictured top: Shaun Robert.