Nikko AM takes stake in US disruptive manager

Japanese investment firm Nikko Asset Management has acquired a minority stake in US manager Ark Investment Management (ARK), focused on disruptive innovation.

The deal will see Nikko AM gaining exclusivity to provide ARK products and investment strategies in Japan and the Asia Pacific region.

Also, Nikko AM’s investment team will continue to work closely with ARK’s disruptive innovation focused analysts.

The two firms have been working together since December 2016 as ARK has served as a sub advisor to the Nikko AM’s Global Fintech Equity Fund, launched in Japan at the end of the last year with total assets of over JPY75bn (€0.57bn) as of July 2017.

ARK’s founder and chief executive officer Catherine Wood will remain majority shareholder, and Resolute Investment Managers, ARK’s strategic partner in the US, will keep its minority stake in the firm.

ARK’s strategies rely on an open research ecosystem to capture insights into disruptive innovation.

The firm has launched five ETFs, including four active ETFs that invest in themes such as deep learning and mobility-as-a-service.

Also ARK runs an investment advisory service for institutional clients which usesARK’s innovative strategies to diversify portfolios.

“We are extremely excited to welcome ARK to the Nikko AM family. The established expertise of our in-house investment team combined with ARK’s strategies focused on disruptive technology and innovation enable progressive solutions for our clients.

“Our Global Fintech Equity Fund is an example of the success we have already achieved together, and we are confident of more to come with this deepening of the connection,” said Nikko AM’s president and CEO Takumi Shibata.

“We are honored and delighted that Nikko AM has cemented our partnership with an ownership interest in ARK,” said ARK CEO & Chief Investment Officer Catherine D. Wood. “Nikko AM’s appetite for innovation focused investment solutions is well aligned with ARK’s conviction that innovation is key to growth. An entirely new market of investors will benefit now from Nikko AM’s ability to deliver disruptive innovation, which is transforming both industries and the global economy, through ARK’s investment strategies.“

As of end March 2017, Nikko AM had $182.7bn (€153.7bn) in assets under management.

ABOUT THE AUTHOR
Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

Read more from Adrien Paredes-Vanheule

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