Nikko buys Asian boutique

SidneyTokyo-based Nikko Asset Management has bought Asia Pacific investment boutique, Treasury Asia Asset Management (TAAM).

Sydney-based TAAM has eight investment professionals based in Sydney and Singapore and brings $300 million (€220 million) to Nikko.

Nikko says the firm will enhance Nikko’s offering of institutional-quality Asian equity products.

The TAAM team will offer products to institutional and retail investors.

Peter Sartori founded TAAM along with Sydney-based Treasury Group in 2005 and is now its chief investment officer. TAAM’s 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.

Nikko currently has over $156 billion in assets under management.

©2013 funds europe