Ogier has advised on the approximately US$180 million launch of the Garcia Hamilton US Quality Bond Fund – the first mutual fund launched in partnership by US-based Garcia Hamilton & Associates and Japanese Nomura Asset Management Co. The fund is now US$544 million in size as of June 6, 2017.
Garcia Hamilton is one of the largest privately held fixed income money managers in the US with almost US$9 billion in assets as of June 6, 2017, and Nomura Asset Management Co., Ltd. is the core company within the Asset Management Division of the Nomura Group, serving retail and institutional investors worldwide.
Ogier partner Kate Hodson from the firm's Hong Kong office advised on the Cayman law aspects of the launch.
Kate said: "Having had a presence in Tokyo for almost ten years we have developed a reputation as one of the key offshore law firms in the Japanese investment funds market. There has been an increase in the deal flow for our Japan practice since the start of the year, in particular a higher demand for foreign asset management products. Not only does Ogier know the market and have the expertise to advise on these structures, but we also have a number of Japanese speaking lawyers in our team which has been an added benefit for clients."