Enhanced Investment Technologies Intech, a Florida-based subsidiary of Janus Capital Group, has been named subadvisor to a new Japanese-domiciled investment trust launched by Dai-ichi Life IBJ Asset Management Diam.
Diam is Japan's largest manager of pension funds, but its product base is limited to the traditional asset classes, says Hiroki Yamada, deputy president in Tokyo. For the past two years, Diam has sought to diversify its product line into hedge funds and absolute-return products. The firm can generate some of these, but needs to turn to outside specialists, particularly for offshore investments.
In this case, Diam saw a need for an equity product that could...
