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

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of