Mr. Bienstock: Nikko Global Asset Management (USA) is the US division of Nikko Global Asset Management. NGM USA manages US and international equities and bonds for corporate pensions, public plans, endowments and foundations. Each regional office is managed and run by local professionals.
TWST: So your primary product is a large core account.
Mr. Bienstock: We manage 1 billion in US equity using a large
capitalization core portfolio product.
TWST: What is your strategy?
Mr. Bienstock: We believe that consistent, superior performance can be
attained by utilizing a disciplined process that combines bottom-up
stock picking with quantitative measures to control risk and create
portfolios with better value, better growth momentum and similar
macroeconomic sensitivity to the S&P 500. Basically, we have developed a
conservative product that is appropriate for the institutional market in
that we seek to outperform the S&P 500 Index by 100-150 basis points a
year, yet maintain a tracking error of 2%-3%. In essence, to use a
baseball analogy, we are looking to hit singles and doubles on a
consistent basis, and not incur a lot of risk by swinging for the
fences.
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