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野村资产管理将重心转向长期投资回报Nomura Asset Management Shifts Focus to Longer-Term Returns

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作者:佐野直 野村资产管理正在调整对投资组合管理人的评估方式,更加重视其长期投资业绩。这是日本最大资产管理公司为提升自身实力、向全球同行看齐所采取的措施。

Asset Management is changing how it evaluates portfolio managers to put greater weight on longer-term investment performance, part of a push by Japan’s largest asset manager to raise its capabilities closer to those of global peers.

公司总裁大越省一在10月2日的采访中表示,公司已延长评估基金管理人的时间周期。目前,定量评估采用3年、5年和10年这三个周期,而此前则为1年、3年和5年。

The firm has lengthened the periods it uses to assess fund managers, President Shoichi Ohkoshi said in an interview on Oct. 2. It now uses three-, five- and 10-year periods in its quantitative assessment, instead of one-, three- and five-year periods as it used to do.

大越省一指出,野村资产管理不再单纯关注一年的投资回报,而是希望管理人有自己的投资理念与风格,并能够以稳健的方式在中长期内提升业绩。

Rather than focusing on one-year returns, Nomura wants managers to “have conviction and a style, and take a steady approach to improving performance over the medium to long term,” Ohkoshi said.

当前,日本利率不断上升且股市持续繁荣,带来了更多投资机遇,在此背景下野村资产管理也力图强化自身的投资管理能力。

The change comes as Nomura seeks to strengthen its investment management capabilities as rising interest rates and a booming stock market in Japan create more investment opportunities.

大越省一说道:「我们希望给予合理的薪酬,从而对优秀的管理人作出恰当评价,并促使他们长期保持优异的业绩。」当被问及基金管理人整体薪酬水平是否会提高时,他回应称这取决于公司的整体经营状况。

“We want to pay appropriate compensation so that excellent managers are properly evaluated and can continue to generate performance over the long term,” Ohkoshi said. When asked if the overall pool of compensation for fund managers will be increased, he said that it would depend on the company’s performance.

据大越省一介绍,截至6月底,该公司管理的资产规模约达128万亿日元,约合8090亿美元,在全球资产管理公司中排名前50位。

The firm oversaw about ¥128 trillion ($809 billion) as of end-June, placing it within the top 50 of global asset managers, according to Ohkoshi.

大越省一曾任摩根大通资产管理日本区总裁兼董事长,是野村资产管理创立以来首位从集团外部聘用的总裁。他立志将公司的投资与产品实力提升至全球水准。大越省一说道:「放眼全球,我们目前仍处于挑战者的位置。我的使命就是带领公司加快迈向全球标准的步伐。」

Ohkoshi, a former president and chairman of JPMorgan Asset Management in Japan, is the first Nomura AM president hired from outside the Nomura group since the firm was founded. He said he aims to raise the company’s investment and product capabilities to global standards. “Looking at the world, we are still very much in the position of a challenger,” Ohkoshi said. “My mission is to accelerate our progress from here toward global standards.”