TOKYO (02/02/2000) - Monex Inc., an online brokerage established by former Goldman Sachs executive Ooki Matsumoto and Sony Corp., has announced that Goldman Sachs Group Inc. and three U.S. hedge funds are taking stakes in the company.
Soros Fund Management LLC, Tudor Proprietary Trading LLC and JWM Partners Investments are partnering with Goldman Sachs to buy 75 percent of 3.1 billion yen (US$28.6 million) worth of shares issued on Feb. 1, Monex spokeswoman Noriko Makino said today. The size of the stake the four companies own in Monex was not disclosed.
Matsumoto and Sony together hold 75 percent of Monex, Makino said.
Monex will use part of the money to obtain membership of the Tokyo Stock Exchange so that it can underwrite new issues, the spokeswoman said.
Monex, in Tokyo, can be contacted online at http://www.monex.co.jp/.