Japan’s Nikko Asset Management has chosen InfraHedge, a managed account platform and a subsidiary of State Street, for the launch of its Multi Manager Investment Trust, a regulated investment product that will invest in managed futures and global macro strategies.
The Nikko AM Multi Manager Investment Trust will be distributed by Mizuho Securities to the Japanese retail investor market and will initially invest with two well- known investment managers: Aspect Capital and IPM Informed Portfolio Management.
“We are delighted to have been chosen to help Nikko AM to create a truly innovative investment platform that sets a new standard in transparency for hedge fund investing in Japan,” says Akshaya Bhargava (pictured), chief executive of InfraHedge. “The flexibility of the InfraHedge platform and our ability to work with multiple fund managers and prime brokers is attractive, while the increased focus that Japanese institutional investors have on transparency and governance services has driven strong interest in the integrated nature of our offering. The platform seamlessly combines State Street’s custody, fund administration and investor services across multiple managers within a single investment structure.”
In support of Nikko AM’s new launch, InfraHedge is providing an institutional-standard and flexible infrastructure that is able to handle disclosure and other requirements associated with a regulated investment trust in Japan, while providing daily NAV, compliance monitoring and detailed daily risk analytics.