New York-based Owl Creek Asset Management is reportedly prepping a Japan-focused activist fund to be launched sometime in July.
The Owl Creek Japan Fund will look to capture alpha in Japanese distressed names and is said to eventually raise $1 billion in assets under management.
The firm is currently marketing its latest offering to existing domestic and international investors with a pricey minimum investment of $5 million.
Calls and e-mails to Owl Creek were not returned by press time.
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