The purchase price was not disclosed by either party.

“This acquisition brings us sophisticated Asian equity strategies, which are gaining well-deserved traction among investors around the world, the team will offer products to institutional and retail investors, who deserve nothing less than the highest quality products, and which TAAM has a distinguished track record of delivering,” Charles Beazley, president and CEO of Nikko AM, said of the deal.

The acquired business, based in Singapore and Sydney, is relatively minor, with $300 million of assets under management; that compares with Nikko AM’s $156 billion of AuM.

Beazley and his colleagues said the acquired firm’s intellectual property fit with what is seeking to achieve was the most important reason for buying it.

Nikko AM has acquired an eight-person team that includes portfolio managers, analysts and a dealer. The team’s investment style revolves around bottom-up stock picking of mid to large-cap equities, with a focus on long term holdings of high-conviction names.

“Our investment style adds value and has attracted capital from some of the most discriminating investors in the world,” Peter Sartori, TAAM’s chief investment officer, said in a statement. “We feel there is a perfect fit with Nikko AM, and this will allow us to do what we do best, which is to generate alpha for clients,” he said.