Teneo Partners, a Tokyo-based consultancy that services managers and investors in Japan's alternative investment industry, is looking to extend its reach by applying for a new licence giving it unlimited access to Japanese investors. Teneo is currently applying for a Securities Sales Agency license from the Financial Services Agency to directly distribute prospectuses and subscription forms to Japanese investors on behalf of hedge funds.
The new license is a very powerful tool, which will allow us to take our advisory business to a new level, explains Teneo partner Mark Voumard. We'll be able to solicit investors directly and will effectively have the same rights as a securities company.
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