Category: PodCast
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Episode 8: What Reporting Really Means: the Structural Difference Between Japanese and Overseas Fund Reports
Japanese fund reports follow a corporate-style structure, while overseas reports adopt ILPA/EVPA dashboard standards. This article explains why the formats differ, and what those differences reveal about each market’s reporting philosophy.
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Episode 7: Rethinking Performance Metrics
Performance cannot be understood through a single metric. This episode reframes returns through time, compounding, and structure, using three diagrams to clarify how investors should compare results.
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A Map for Understanding Traditional and Alternative Investments —
Traditional and alternative investments are not separate worlds but a continuous landscape shaped by liquidity, information asymmetry, and corporate growth stages. This article offers a structural map of the investment universe — from public markets to private equity and venture capital — and provides a perspective for understanding where you stand and how to define…
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Episode 5: What Fund Administrators Really Do: The Work Behind the Scenes
This episode breaks down the roles and workflows of fund administrators through three visual diagrams. From capital calls and distributions to daily accounting and investor reporting, we explore what happens behind the scenes in fund operations.
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Episode 4: Why Japan Loves Unit Trusts (again) — and When Partnerships Work Better
A clear comparison of Japan’s unit trusts and partnership structures. This article explains how history, liquidity, tax treatment, and investment targets shape the choice of vehicle for practitioners and international readers.
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Episode 3: Comparing the three vessels of fund structures
A quiet, structured comparison of Japan’s three fund “vessels”: company-type, contract-type, and partnership-type. Explains governance, liability, transparency, and the differences among NK, TK, and LPS.
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Episode 2: Who Gets Involved When You Build a Fund?— A Practical Walkthrough of the Fund Formation Process
A clear, practical walkthrough of who gets involved when building a fund—investors, tax advisors, lawyers, auditors, administrators, directors, and more. Learn the full fund formation process from a real-world perspective.
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Episode 1: What Is a Fund? A Simple Introduction as a business
ファンドって難しそうに見えますが、実はとても身近な仕組みです。投資家と運用者の視点、そして「ファンドは事業である」という本質を、やさしく噛み砕いてお話しします。