Nikko AM Acquires Treasury Asia

Oct 17 2013 | 9:37am ET

Tokyo-based Nikko Asset Management has acquired the Asia-Pacific investment manager Treasury Asia Asset Management.

TAAM's eight-member Singapore and Sydney-based team, led by Peter Sartori who founded TAAM and Treasury Group in 2005, will join Nikko AM. The team includes portfolio managers, analysts and a dealer. Its investment style revolves around bottom-up stock picking of mid- to large-cap equities, with a focus on long-term holdings of high-conviction names.

“This acquisition brings us sophisticated Asian equity strategies, which are gaining well-deserved traction among investors around the world,” said Charles Beazley, president and CEO of Nikko AM, in a statement. “The team will offer products to institutional and retail investors, who deserve nothing less than the highest quality products, and which TAAM has a distinguished track record of delivering.”

Nikko AM currently has over $156 billion in assets under management.


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

When Less is More: The Case for Concentrated Equity Strategies

Jun 1 2015 | 7:59am ET

The conventional wisdom is that wide diversification is the “holy grail,” as...

 

Sponsored Content

Editor's Note