Crystal Century Investment, a New York and Hong Kong-based alternative asset manager, has announced plans to open an office in Tokyo.

The expansion plan follows the firm’s receipt of a licence from the Japan’s Financial Services Agency to offer alternative investments and asset management services to accredited investors.

The firm appointed Robin Blake as CEO and Wasaru Asano as managing executive officer to take up the responsibility of the new office.

“As value investors, we here at Crystal Century Investment have identified a growing number of small to mid-cap Japanese companies that demonstrate a number of attributes we look for as part of our value investment philosophy. Profits are rising and price-to-book valuations remain highly attractive. As we continue to attract an evolving client profile, we remain focused on presenting these capabilities to enhance investment performance for all investor types,” Blake stated.