Montreal-based Fiera Capital Corp. announced on Monday that it is entering Japan, the world’s third-largest pension market, thanks to a new fund and partnership with Nissay Asset Management Corp. (Nissay AM).
Fiera Capital will act as subadvisor to Nissay AM, a Tokyo-based asset manager that holds the largest share of assets under management in the private pension market in Japan, according to Fiera’s announcement.
The arrangement begins with the launch of a long-only, global equity (excluding Japanese companies) fund that will be available to Nissay AM clients who are looking to diversify their portfolios, the statement says.
“Fiera Capital is pleased to enter the Japanese market in collaboration with Nissay Asset Management, a respected partner who will contribute to our continued organic growth,” says Richard Nino, executive vice president, institutional markets with Fiera, in a statement. “This opportunity in the Asian institutional market demonstrates that our proven strategies are making their mark on a global scale.”