Following its purchase of Daiwa Securities' hedge fund administration unit, Sumitomo Mitsui Trust Bank is building its fund servicing business into a global platform.
Tag : daiwa
The emerging market affiliate of Legg Mason has appointed investments staff in London and is looking to expand in Hong Kong, while adding further EM and Asia ex-Japan strategies to its stable.
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Sumitomo Mitsui Trust Bank’s proposed purchase of Daiwa Securities’ hedge-fund admin and trustee business should provide it with access to new client segments.
Daiwa's synthetic prime brokerage sale will not affect its alternative fund services, although its ambitious growth plans are on hold, says the firm.
Strategic Insight research shows that Asian net flows to mutual funds over the past five years have been nearly as big as in the US, and more stable than in Europe.
The fund of hedge funds manager is improving risk management transparency as it continues to build its Asia business, says Antonio Mu±oz-Su±T, head of EIM USA.
The fund will invest in high-growth companies and hopes to raise $100 million-plus in assets.
Japan's institutional market is shrinking and retail tastes have shifted overseas, prompting the need to adapt to a new climate post-credit crunch.
Fund managers and investors in Tokyo doubt the subprime crisis will end capital exports from the worldÆs largest creditor nation.
Well known Hong Kong broker finds a new desk at Daiwa Securities.
Standard & Poor''s gets first pension fund to benchmark against its new Topix 150 index.