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List of Business Partners

First Quadrant L.P.

Company Overview
First Quadrant L.P.

First Quadrant is an investment company that specializes in quants management.

Nomura Asset Management formed a tie-up with First Quadrant in 1990 and acquired an exclusive license for use of its GTAA model in Japan.

Research Affiliates, LLC

Company Overview
Research Affiliates, LLC

Research Affiliates was established by Robert D. Arnott, the inventor of the Fundamental Index.

Nomura Asset Management has an exclusive license for use in Japan of products developed in accordance with the Fundamental Index.

Pacific Alternative Asset Management Company, LLC

Company Overview
Pacific Alternative Asset Management Company, LLC

Pacific Alternative Asset Management Company (PAAMCO) is an investment company that uses high levels of specialization in managing funds of funds for institutional investors such as pension funds, foundations, and banks.

Company Web Site

New Windowhttp://www.paamco.com/

LaSalle Investment Management

Company Overview
LaSalle Investment Management

LaSalle Investment Management, one of the world's largest real estate investment advisory companies, is a division of Jones Lang LaSalle, Inc., a real estate company with approximately 11,000 employees. LaSalle Investment Management has $54.1 billion of assets under management (as of March 31, 2008) and approximately 760 employees working in 26 offices located in 15 countries around the world. LaSalle Investment Management (Securities), a subsidiary, specializes in real estate security investment and has $10.2 billion in assets under management (as of May 31, 2008). LaSalle Investment Management provides advice to Nomura Asset Management concerning the operation of global REITs.

Private Equity Funds Research and Investments Co., Ltd.

Company Overview
Private Equity Funds Research and Investments Co., Ltd.

PEFR&I is an investment advisory firm dedicated to private equity fund investments. PEFR&I was founded by three leading Japanese financial institutions that have extensive experience in the area of private equity fund investing - Nomura Holdings, Inc., The Norinchukin Bank and Development Bank of Japan.

Nomura Corporate Research and Asset Management Inc.

Company Overview

Nomura Corporate Research and Asset Management (NCRAM) is a member of the Nomura Group based in the United States that specializes in credit investment.

Nomura Funds Research and Technologies America, Inc.

Company Overview

Nomura Funds Research and Technologies America (NFR&TA) is an American investment advisory company registered with the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission that was established in 2001 by assembling key personnel from Nomura Group hedge fund and fund of hedge funds divisions. NFR&TA evaluates, selects, forms, monitors, and manages alternative financial products in Europe and the United States.

Nomura Funds Research and Technologies Co., Ltd.

Company Overview

Nomura Funds Research and Technologies (NFR&T) was established in 2006 as a joint venture by Nomura Holdings and Nomura Research Institute to evaluate, select, form, monitor, and manage investment products and obtained a discretionary investment business license in Japan. NFR&T currently manages 2.3 trillion yen in assets (as of December, 2006).

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