Overview

Prospect Asset Management, Inc (PAMI) was founded in 1994 by Curtis Freeze as a Japan focused Investment Advisor. It has a strong long-term track record including managing two of the best performing Japan funds over the past five years.

In 2006 PAMI was acquired by Prospect Co., Ltd., a licensed Japanese Real Estate Investment Advisor which also provides non-discretionary investment advice. This transaction was financed by Goldman Sachs and Permal.

In August 2013 Prospect Co., Ltd. was acquired in a share swap by Gro-Bels Co., Ltd., a listed Japanese real estate developer, and in 2014 the two merged and changed the surviving entity’s name to Prospect Co., Ltd. Prospect employs nearly 200 people and is listed on the Tokyo Stock Exchange (ticker 3528).

Prospect Co., Ltd. has a real estate development division and an equity research division. Among its subsidiaries are PAMI, a SEC registered U.S Investment Advisory company, and Prospect Asset Management (Channel Islands) Ltd. a Guernsey registered Investment Manager.

Prospect’s strategy is to capitalize on opportunities arising from structural changes in Japan. In 2002 Prospect was the first foreign firm to be granted a JREIT management license with its portfolio listing in 2005. The group has a seasoned investment team with over 100 years of combined experience. Prospect manages mandates on behalf of a sovereign wealth fund, a large fund of funds and a family office. These mandates include funds of J-REITS, Japanese equities and direct real estate investments. In addition Prospect has managed the London-listed Prospect Japan Fund (PJF) since its inception in 1994.

Investment Philosophy

Prospect invests in companies with undervalued assets where we believe we can be a catalyst for positive change. We engage with management to enact this change for the benefit of all shareholders. We believe the current government’s desire to consolidate certain industries and to improve corporate governance offer support to this engaged shareholder strategy.
Our research and execution expertise enables Prospect to identify and act upon the best opportunities.