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Yarra Capital to buy Nikko Asset Management's Australian business


Yarra Capital to buy Nikko Asset Management’s Australian business
Bloomberg
Melbourne-based Yarra Capital s purchase of Nikko s Australian business will create one of the nation s largest independent fund managers.
Yarra Capital Management, a Melbourne-based equity and fixed-income boutique, will acquire Nikko Asset Management s Australian business.
Combining Yarra s roughly A$8 billion ($6.3 billion) in assets under management with Nikko s A$12 billion business will create one of Australia s largest independent fund managers with AUM of about A$20 billion, Dion Hershan, Yarra s managing director and head of Australian equities, said Tuesday in a joint news release.
Under the merger Nikko Asset Management will get a 20% stake in Yarra Capital Management, the news release said. ....

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