Santander Asset Management UK has appointed CPR and the DIAM Group to manage its multi-manager Japanese funds.
CPR Asset Management, part of Crédit Agricole, has extensive experience in active fund management in the Japanese market through quantitative methods, according to Santander.
DIAM Group (Dai-Ichi Asset Management) is the largest manager of Japanese pension fund assets. It is a locally based fund manager which Santanders says gives it an in-depth understanding of the economy and markets.
Santander says DIAM was selected partially because it invests in all six of Japan’s stock markets and in companies of all sizes, giving great diversification.
Estrella Llorente, senior portfolio manager at Santander, says: “We spent a long time searching the market for the most appropriate managers to meet our strict criteria and firmly believe that both CPR and DIAM fit the bill. The mix of a local fund manager with an expert in quantitative analysis is exactly what we were looking for.”
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