Credit Suisse’s asset management division has reached an agreement with Kimco International to become Kimco's exclusive distributor.
Kimco is a Singapore-based hedge fund manager that employs a Japanese equity long/short investment strategy.
This arrangement further solidifies the collaboration between Credit Suisse and Kimco, and enables Kimco to focus on its investment performance and portfolio management role, while Credit Suisse administers all aspects of the marketing and distribution efforts.
Neil Harvey, managing director and head of Asia Pacific and emerging markets globally for Credit Suisse's asset management division, says: "We are focused on expanding our leadership in emerging markets in the alternative investments space. As part of that, increasing our product and client service footprint in the Asia Pacific region continues to be an important objective for Credit Suisse. This alliance gives us the opportunity to pursue high margin, capital-efficient businesses capable of leveraging our global platform and our relationship with Kimco will help meet the needs of global investors looking for portfolio solutions."
Toshikatsu Kimura, founder and chief investment officer of Kimco, adds: "We are pleased to have one of the largest and most respected financial institutions as our global distributor. A long period of market underperformance has reduced the amount of capital and the number of both researchers and investment managers engaged in Japanese equities, which, we believe, creates more opportunities for the remaining players to obtain alpha in the Japanese equity market."
Credit Suisse plans to roll out its worldwide distribution of Kimco products in late November.
$2bn tech-focused hedge fund SoMa Equity Partners to shutter
San Francisco-based hedge fund SoMa Equity Partners is winding down after returning capital to investors, bringing the curtain down on a…
More
Arcana hires former Goldman Sachs exec to Lead EMEA expansion
Portfolio intelligence provider Arcana has appointed former Goldman Sachs executive Rhys Williams as head of EMEA, as the technology firm…
More
ExodusPoint adds Pictet trader to London equities team
Multi-strategy hedge fund major ExodusPoint Capital Management has strengthened its London equities operation with the appointment of Jade…
More