Nikko AM Taps Devitt To Lead Fund Platform Expansion

May 29 2012 | 9:45am ET

Nikko Asset Management has tapped Aoifinn Devitt to head the expansion of its manager selection business from primarily Japan, to Europe and other parts of Asia. 

Based in London, Devitt will head Nikko AM’s World Series Fund Platform, which currently includes vehicles sub-advised by more than 40 managers worldwide—including PIMCO, Wellington, JP Morgan Asset Management, Ashmore, Blue Bay and Franklin Templeton. The funds are marketed under the Nikko AM brand and distributed to institutional, retail and high net worth investors across Asia.

Devitt, who has worked for both Cambridge Associates and Goldman Sachs, now serves as investment sub-adviser to the City Financial Asian Absolute Growth Fund, an Asian focused multi-manager fund with approximately US$60 million in assets under management. As Devitt assumes her new post, City Financial will appoint Nikko AM as sub-advisor to the City Financial Asian Absolute Growth Fund, subject to regulatory approval.

Nikko AM's World Series Fund Platform currently has over US$29 billion of third-party manager products distributed across Japan, Australia and Singapore.

 

 


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Why Is The Shipping Industry Underwater?

Jul 31 2014 | 7:31am ET

Anyone who’s taken a look at the global shipping industry recently probably knows...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note