Fund house GMO initiates Asia presence

Boston-based Grantham, Mayo, Van Otterloo & Co (GMO), a privately held investment management firm for institutional investors with $25 billion of assets, has just incorporated in Singapore. This marks its first physical foray into Asia ex-Japan, although the firm opened a Sydney office in 1996, and has managed Japanese securities since 1986. The partners founded it in 1977, and it also has offices in London and San Francisco. GMO is in the process of hiring Glen Howard, former ma…