Nomura Asset Management USA has announced the launch of Nomura Global Alpha, a New York-based venture focused on managing alpha-oriented fixed-income products and solutions for both instit
Nomura Asset Management USA has announced the launch of Nomura Global Alpha, a New York-based venture focused on managing alpha-oriented fixed-income products and solutions for both institutional and retail investors.
Nomura says the new venture is intended to provide a broad range of products to existing and future Nomura Asset Management clients. Dr Rajiv Sobti will head the team responsible for portfolio management as chief investment officer of Nomura Global Alpha. The portfolio team in New York will work closely with existing Nomura Asset Management fixed-income teams in Tokyo and London.
‘This move represents an excellent opportunity for us to leverage our global platform and existing portfolio teams to offer our investors a broader set of investment strategies that will complement and enhance the achievement of their investment objectives,’ says Shigeru Shinohara, president and chief executive of Nomura Asset Management USA.
‘The capital markets in the US offer a very robust opportunity set and the new venture enables us to focus on these opportunities using a variety of approaches, with an emphasis on portable alpha products. I am confident that under Dr Sobti’s leadership these products, using state-of-the-art risk management approaches, will serve our investors well.’
Sobti was most recently president and chief investment officer of Proxima Alfa Investments (USA), where he and what is now the Nomura Global Alpha investment team managed separate accounts and commingled institutional funds for the past four years. He was previously co-head of fixed income at BlackRock Financial Management.
Nomura Asset Management says the initiative represents a commitment to expand and enhance its investment capabilities with alpha-oriented products. In addition, Nomura Global Alpha will provide investment strategies where various forms of market risk will be the primary drivers of investment returns. The new businesses strategies will use low leverage and comprehensive risk management.
‘This is the latest in a series of important strategic initiatives geared toward the enhancement of services that will build out the capabilities required to meet the needs of our global investors,’ says Atsushi Yoshikawa, president and chief executive of Nomura Asset Management Company.
Nomura Asset Management USA provides investment management services to institutional investors and collective investment vehicles for clients including pension schemes, government agencies and investment funds operating in North America and Japan.
