Sunday, 23 October 2016
Last updated 1 day 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.