Industrial & Infrastructure Fund Investment (TYO:3249) said its asset manager, KJR Management, will transfer its private fund business to KJRM Private Solutions through an absorption-type company split effective Oct. 1, according to a Monday filing on the Tokyo Stock Exchange.
The move, agreed by the boards of both entities, is aimed at strengthening conflict-of-interest management. KJRM Private Solutions is a wholly owned unit of KJRM Holdings, which also fully owns KJR Management.
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