Old hand with a new vision

Les Jones has invested in Japan's stock market for 23 years, bringing a wealth of experience to Old Mutual's Pan-Asia fund… and experience of wealth to his hedge fund's investors

Les Jones has been active in the Japanese financial markets for 23 years, first starting out managing Japanese and US investment for County Bank before taking on a number of roles culminating in his management of Old Mutual's Gerrard Japanese Growth Fund in 1992.

He also takes responsibility for Japanese allocations from Old Mutual's Asia-Pacific Equity Fund.

In this period, the face of Japan as a place to invest has changed markedly. The break-up of Tokyo's big banks, in particular the

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