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August 22, 2018

Nikko AM taps FactSet for risk management

Nikko Asset Management (Nikko AM), a Japanese asset manager, has opted for the FactSet Linear Multi Asset Class (MAC) risk model to support risk management at its global fixed income operations.

Why did Nikko AM choose FactSet?

The move is intended at enhancing data integration speed and quality across various assets, input sources, and locations.

Nikko AM will also utilise FactSet’s fixed income analytics. According to the vendor, it will enable the asset manager to secure one global multi-asset covariance matrix and analytics coverage across developed, emerging, as well as frontier markets.

“Following implementation by FactSet’s Professional Services Group, Nikko AM will have access to FactSet’s award-winning solutions for risk management, portfolio analytics, and investment research, as well as its industry-leading client service,” FactSet said in a statement.

Nikko AM head of global data management and solutions Chin-Jen Chang said: “We are excited to work with FactSet, as they have demonstrated coverage for our diverse range of fixed income investments.

“FactSet’s client service and its excellent data management capabilities also consistently differentiated them from their competitors, and were major reasons Nikko AM selected FactSet.”

FactSet also signed a deal with Merrill Lynch Wealth Management earlier this month. The wealth manager selected FactSet as its primary market data provider, ditching Thomson Reuters.

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