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Nikko Asset Management to invest in US fintech researcher

New York startup aided Japanese company with successful financial tech fund

TOKYO -- Japan's Nikko Asset Management intends to take a stake as soon as this month in Ark Investment Management, an American startup adept at research in the financial technology field.

Nikko Asset is seen investing several million dollars to obtain a roughly 15% interest in Ark. The Japanese company already serves as the exclusive provider for Ark's products in the Asia and Oceania region.

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