According to the announcement, the initiative represents a commitment to expand and enhance Nomura Asset Management’s investment capabilities with alpha-oriented products. NGA will also provide investment strategies where various forms of market risk, or “beta” factors, will be the primary drivers of investment returns.
“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. 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,” said Shigeru Shinohara, President and CEO, NAM USA, in the announcement.
Dr. Rajiv Sobti will head the team responsible for portfolio management and will be the Chief Investment Officer of NGA. The NGA portfolio team will work in close cooperation with the existing fixed income teams of NAM USA’s affiliates based in Tokyo and London.
Sobti most recently served as President and Chief Investment Officer of Proxima Alfa Investments (USA) LLC, where he and his investment team managed fixed income separate accounts and commingled institutional funds for the last four years. Prior to that, Sobti was Co-Head of Fixed Income at BlackRock Financial Management.
More about Nomura is at www.nomura.com .