Key Facts
• Monex Activist Fund (MAF) charges a 2.2% management fee and 22% success fee.
• MAF achieved a 126.24% return over the past five years, outperforming TOPIX (+84.12%) and S&P 500 (+95.46%).
• The fund focuses on engagement-driven management, working closely with 20 selected companies.
• MAF’s strategy aims to enhance corporate value and revitalize Japan’s capital markets.
• Founder Oki Matsumoto highlights MAF’s top-tier Sharpe ratio performance among Japanese equity funds.
• The fund initially targeted 100 companies but narrowed its focus to deepen engagement.
• Engagement funds, like MAF, are gaining popularity as a new investment trend.
• MAF celebrated its 5th anniversary with a dedicated event in July 2025.
Summary
The Monex Activist Fund (MAF) stands out as Japan’s highest-fee investment fund, charging a 2.2% management fee and a 22% success fee. Despite its high costs, MAF has delivered exceptional returns, achieving 126.24% over five years, surpassing benchmarks like TOPIX and S&P 500. The fund’s success lies in its engagement-driven strategy, focusing on dialogue with 20 carefully selected companies to enhance corporate value and contribute to Japan’s capital market revitalization. Founder Oki Matsumoto emphasizes MAF’s strong Sharpe ratio performance, reflecting its efficient risk-adjusted returns. Engagement funds, such as MAF, are emerging as a significant trend in the investment landscape, offering a unique approach to active fund management.
