Strategy
US Asset Manager Enters Japan's Wealth Market
GoldenTree Asset Management, the US asset management
firm,
has partnered with another US company's Asian investment
management business to
tap Japan's wealth market.
By leveraging the local strengths of GreensLedge Capital
Markets and its Japan-based affiliate GreensLedge Asia,
GoldenTree will
strengthen its local presence and develop new business
opportunities in the
country, it said. The US firm has been serving as asset manager
for a number of private
investment funds in Japan since 2001.
Greensledge Capital set up its Asia business in Tokyo in
September 2010 to provide advisory and placement services to
Asian markets. It
was established in collaboration with Iku Nishino, who previously
served as
head of fixed income sales in Japan for JP Morgan.
GoldenTree Asset Management manages around $16 billion of
assets and operates out of offices in New York and London.
GreensLedge is a US
broker-dealer and is represented in Asia by Greensledge Asia in
Tokyo, where it
is a fully-licensed broker-dealer.
