Houston, May 3, 2017— Garcia Hamilton & Associates announces the launch of their new mutual fund partnership with Nomura Asset Management. The Garcia Hamilton US Quality Bond Fund is already $180 million in size and is benchmarked against the Bloomberg Bar-clays U.S. Aggregate Index. The fund is exclusively offered to Japanese retail investors in Japan and is Nomura’s first partnership with a US minority-owned firm.
“We are thrilled to work with Nomura, one of the world’s premiere financial institutions,” said Gilbert Garcia, Managing Partner of GHA. “Together, we now offer one of the highest quality mutual funds to Japanese investors looking for exposure to the US domestic markets.”
GHA is the largest Hispanic-owned money management firm and one of the largest privately held fixed income money managers in the country. The firm has received numerous awards including outstanding performance awards the past three years by Institutional Investor Magazine and “Best Place to Work in Money Management” by Pensions & Investments magazine. The firm is located in Houston Texas and manages over $8.5 billion in high-quality assets.
“We went through an extensive nationwide manager search and a lengthy due diligence process to find Garcia Hamilton. They clearly are one of the best fixed income managers in the US,” said Mr. Kazuyuki Ueda, Senior Portfolio Manager with Nomura Asset Management.
Nomura Asset Management Co., Ltd. is the core company within the Asset Management Division of the Nomura Group, serving retail and institutional investors worldwide, with total assets under management of approximately 47 trillion Yen (426 billion US dollars) as of March 2017.