OSV Partners, United Asset Management’s global currency management subsidiary, will offer currency overlay investment management services to pension plan clients of Daiwa Bank Ltd. of Japan.
Daiwa provides custody, fund administration and asset management services to Japanese pension plans with 3.6 trillion yen ($34 billion) in foreign assets.
Two other entities are providing additional services: UAM (Japan) will offer client service, investment performance reporting and marketing support; and UAM Trust Co. will establish offshore funds to enable separate accounts and commingled portfolios to use currency overlay strategies.
