Nomura Asset Management Co., Ltd. announced that it has entered into an alliance agreement with Bridge Capital Asset Management Co., Ltd. (Bridge Capital), an investment manager specializing in incubation funds investing in hedge funds.
Under the alliance agreement, NAM will invest up to 3 billion yen in an incubation fund managed by Bridge Capital and will in turn be granted an option to make an equity investment in Bridge Capital. The alliance will help NAM widen its hedge fund product offering and accelerate NAM’s alternative product development process.
