Thursday, 28 July 2016
Last updated 8 hours ago
Oct 9 2007 | 2:32pm ET
Hedge fund shop EIM Management USA has formed a strategic partnership with fund research group Daiwa Fund Consulting.
Under the partnership agreement, EIM USA and Daiwa will develop a series of diversified fund of hedge funds products to be introduced later this year to the Japanese marketplace. Terms of the partnership agreement were not disclosed.
According to both firms, the move is an effort to meet the growing domestic demand for hedge fund investments in Japan.
“In my numerous meetings with Japanese investors, it is clear that they are looking for a broader array of investment opportunities,” said Antonio Muñoz, CEO of EIM USA.
New York-based EIM USA, an affiliate of the EIM group of funds, manages over $1 billion for sophisticated institutional investors and family offices. EIM itself now has over $12 billion in assets under management.