Diam makes push into Asia funds distribution

Japan’s Diam Asset Management is expanding into fund distribution in Asia and has moved a senior executive to Hong Kong to spearhead the push. The asset manager will now look for distribution deals with private banks and local fund houses as part of its Asia diversification drive. Until now, Diam has relied on institutional discretionary accounts. Meanwhile Diam has relocated its Asia equity investment team to Singapore, and plans to increase its resources with an eye on hiring …