Nikko AM buys stake in US investment adviser


Nikko Asset Management has announced an acquisition of a minority stake in a US-based private investment firm, ARK Investment Management, to enhance its innovation investment solutions.
Under the terms of the deal, Nikko AM would obtain exclusivity to offer ARK products and investment strategies in Japan and the Asia-Pacific while its investment team would work closely with ARK’s analysts.
ARK, which uses an open research ecosystem to develop insights into disruptive innovation spanning different sectors and geographies, derives alpha by investing in leaders and enablers of disruptive technologies, with low overlap to broad-market indices.
The firm also launched five exchange traded funds (ETFs), including four active ETFs, investing in themes such as deep learnings and mobility-as-a-service.
Additionally, the company served as an adviser to Nikko AM’s Global Fintech Equity Fund, which was launched in Japan in 2016.
Nikko AM’s president and chief executive, Takumi Shibata, said: “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 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,” he said.
As far as the shareholders’ structure was concerned, ARK’s founder and chief executive, Catherine D. Wood would continue to own a majority stake while the company’s strategic US partner, Resolute Investment Management would remain its minority shareholder.
Recommended for you
The alternative investment manager has signalled its intentions to repackage an existing fund into a second private equity vehicle, targeting both listed and unlisted opportunities.
The acquisition of Mason Stevens by Adamantem Capital has reached completion, as the wealth platform looks to increase investment into its services for Australian wealth practices.
Platinum Asset Management and VanEck have both announced name changes to multiple of their ETFs to clarify their complexity.
Active ETFs are gaining traction in Asia-Pacific as wealth managers seek to blend the low-cost fees of passive with active management.