Updated at 11:14 a.m., Tuesday, August 21, 2007
Hawaii Kai-based fund increases holdings in Japan
Advertiser Staff
Prospect Asset Management Inc., a Hawai'i Kai-based investment fund led by Curtis Freeze, holds more than 5 percent of Suncity Co. and MK Capital Management Corp., according to a filing with Japan's Ministry of Finance, Bloomberg News reported.The fund also raised its stakes in Arnest One Corp. and Iida Home Max, separate filings showed. All four companies are in the real estate sector.
Bloomberg said Prospect held 5.87 percent, or 31,506 shares, in Suncity as of Aug. 15 according to the document. Suncity develops condominiums in Tohoku, northeastern Japan. The fund increased its holding in MK Capital Management, which provides real estate-management services, to 6.19 percent. Prospect raised its stake in Arnest One to 9.34 percent from 8.18 percent, and in Iida Home Max to 6.29 percent from 5.02 percent.
