JapanÆs Diam setting up Hong Kong office

JapanÆs DLIBJ Asset Management (Diam), which manages nearly $100 billion of assets, plans to open an office in Hong Kong this spring, says Hiroki Yamada, deputy president.The initial purpose of the office will be to manage Asia ex-Japan funds. The firm already manages China and India products from Tokyo but believes it can boost performance and improve its marketing to Japanese clients if it ships this function overseas.Yamada says the firm has decided which executive to transfer to H…