Tokio Marine Asset Management, the investment advisory arm of Japan’s Tokio Marine & Nichido Fire Insurance, has launched its London fund operations.
Opened at the end of 2008, the office markets the firm’s products such as Japanese equities, Asian equities, Japanese fixed income, long/short hedge funds, private equity and fund of hedge funds to European clients with an appetite for Asian exposure, said Toshiyuki Kumura, head of the firm’s private equity group.
The fund management business will be spearheaded by Yuichi Takayama, who joined the firm in June 2008. Takayama was previously with Japanese financial services firm Mizuho Trust & Banking.
“Tokio Marine has mainly domestic clients. In seeking more opportunities, it decided to create an office marketing its products to foreign investors interested in investing in Asia,” said Kumura.
In addition, the firm is developing a Japanese private equity fund of funds to be launched this year. It will allocate between 60 percent to 80 percent to Japanese private equity funds, he added.
Currently, Tokio Marine manages approximately $45 billion in assets and has offices in Tokyo, Singapore, London and New York.