US hedge fund Farallon presses Japanese insurer T&D to reform

US hedge fund Farallon presses Japanese insurer T&D to reform

TOKYO -- Japanese insurance company T&D Holdings is being pressured by American activist investor Farallon Capital Management to sell off cross-sh

Farallon urges T&D Holdings to unwind cross-shareholdings

US-based hedge fund Farallon Capital Management is intensifying pressure on Japanese insurer T&D Holdings, urging the firm to divest cross-shareholdings and address what it calls a “concealment” of these holdings, according to a report by Nikkei Asia. The firm is also pushing for greater operational synergies across T&D’s insurance subsidiaries. Farallon, which has been a shareholder in T&D since 2008 and now holds 4.6% of the voting rights, has…