HVC, Inc. today held "the first Study Session on Finance" entitled "Current International Financial Situations and the Trend of Hedge Funds."

Although such financial terms as hedge funds, TOB, and MBO have recently become everyday words in the media, it is difficult to clearly see the trend of hedge funds in the international financial market as well as the changes in systems. Therefore, HVC, Inc. decided to hold a study session on finance with Mr. Gunji Sakamoto, auditor of HVC, Inc.'s subsidiary as well as the expert on international financial market, serving as its lecturer.

We would like to thank the attendants in and out of Hokkaido including those engaged in financial businesses.