SEI Investments, the Philadelphia-based multi-manager specialist, plans to open a research office in Tokyo this year, says Vincent Chu, managing director for the Asia-Pacific region in Hong Kong.
We intend to set up a rep office in Japan this year, initially to research fund managers there and also to selectively explore ideas with institutions or distributors, Chu explains.
Last year the firm hired Naru Ishida in Hong Kong. Ishida has a consulting background from his native Japan, and the idea is to have him run the Tokyo office once it is set up.
This year we intend to begin market research for Japan...