Doing bespoke work since 2002....., Custom Products Group

Patrick Hansen

Doing bespoke work since 2002.....

Custom Products Group

Custom Products was started 14 years ago at Lehman Brothers by current co-founder Patrick Hansen, CFA. After 3 years at Lehman, Patrick moved the team to Macquarie Securities where Simon Rigney (co-founder) joined. 3 years ago we took Custom Products independent. 

Our core strength can be summed up three words. 1- Customization - we have very little off the shelf products and most work is done on a one on one bespoke basis. 2- Speed - We pride ourselves in our ability to get requests back to the client very quickly. 3- Confidentiality - We do not redistribute. There is no grace period where we wait a week and then mass blast. Any request stops with that client.

Thematic (Sector/Industry)

Our biggest concern remains that of rapid acceleration of depopulation going forward. Things seem normal until the Rubicon is crossed. Then the damned flood can’t be dammed. As the productive workforce looks to abandon its roots in search of sustainability we fear that corporates also face a big dilemma.The Japanese government’s plans to revitalise the regions are not working because economic reversals all hinges on confidence. The chicken and egg argument is simple. If corporates fear not enough workers will remain to justify production and workers think long term quality of life will be far more sustainable in economically healthier areas, growth won’t happen in the regions.As regional Japan continues to shrink, the pressure will then be put back on the fiscal status of the prefectural governments. With 98% of companies in Japan paying only 24% of the corporate tax intake. That’s right – 2.5mn corporations pay less than one-quarter of the tax burden, something needs to change. Our solution is to adopt a Polish style tax reform which simplifies the system and gets the 70% of corporations that don’t pay tax to contribute. Poland doubled corporate tax revenues on a halving of tax rates in short order as a result of making tax avoidance (not evasion) no longer worth it. Japan must take risks – it has nothing to lose.

Our biggest concern remains that of rapid acceleration of depopulation going forward. Things seem normal until the Rubicon is crossed. Then the damned flood can’t be dammed. As the productive workforce looks to abandon its roots in search of sustainability we fear that corporates also face a big dilemma.The Japanese government’s plans to revitalise the regions are not working because economic reversals all hinges on confidence. The chicken and egg argument is simple. If corporates fear not enough workers will remain to justify production and workers think long term quality of life will be far more sustainable in economically healthier areas, growth won’t happen in the regions.As regional Japan continues to shrink, the pressure will then be put back on the fiscal status of the prefectural governments. With 98% of companies in Japan paying only 24% of the corporate tax intake. That’s right – 2.5mn corporations pay less than one-quarter of the tax burden, something needs to change. Our solution is to adopt a Polish style tax reform which simplifies the system and gets the 70% of corporations that don’t pay tax to contribute. Poland doubled corporate tax revenues on a halving of tax rates in short order as a result of making tax avoidance (not evasion) no longer worth it. Japan must take risks – it has nothing to lose.

Listed Index Fund JPX-Nikkei Index 400 (1592 JP)

#Make Japan Great Again (#MJGA) Tax Reform & Halting Mass Migration Out of Japan's Prefectures