Activist funds must invest more than money to make impact in Japan

Paul Singer will stand better chance if he personally lobbies for Elliott's cause

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Paul Singer, founder of Elliott Management, in Laguna Beach, California, in 2016: Elliott's history in Japan leaves it vulnerable to charges of carpetbagging. © Reuters

Stephen Givens is a corporate lawyer and an adjunct professor at Keio University Law School in Tokyo.

Last week, activist U.S. hedge fund Elliott Management quietly launched a campaign to pressure Dai Nippon Printing to divest itself of its sizable "strategic holdings" in friendly domestic companies with which it does business.

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