Old hand with a new vision

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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