Nomura unit joins with KKR, Carlyle on alternative investments in Japan

TOKYO -- Nomura Asset Management is teaming with overseas alternative asset managers such as KKR and Carlyle Group to offer funds in Japan that invest in nontraditional asset classes.

Other Japanese players such as Sumitomo Mitsui Trust Asset Management are joining the move to offer diversified investments as the government aims to nurture an asset management culture at home on par with overseas rivals.