Wednesday, 3 June 2015
Last updated 13 min ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…