Nikko AM to boost multi-asset team, launch strategy

Japanese fund house Nikko Asset Management says it is set to boost its multi-asset team with two hires as it moves to launch a new strategy targeting Singaporean institutions. Al Clark, global head of the firm’s multi-asset team based in Sydney, says the strategy will invest in global equity markets and European and Singapore sovereign bonds. It is pending approval from the Monetary Authority of Singapore. Clark tells AsianInvestor that the two new hires will join its portfolio …