Japanese asset management firm Sumitomo Mitsui DS Asset Management (SMDAM) has selected private capital data and analytics provider Burgiss to support its expanding business in alternative investments.

Sumitomo Mitsui DS Asset Management is a subsidiary of Sumitomo Mitsui Financial Group.

The company was formed in 2019 from the merger of Sumitomo Mitsui Asset Management Company and Daiwa SB Investments.

Sumitomo Mitsui DS Asset Management’s asset management services are said to address the specific requirements of its diverse client base composed of Japanese and non-Japanese institutional and individual investors.

Sumitomo Mitsui DS Asset Management alternative investment department general manager Eiji Utsunomiya said: “We eventually selected Burgiss as we felt that they provided the most flexibility in what we were trying to achieve.

“As our investors get more sophisticated in their requirements, SMDAM needs a global partner that has the right experience that we can rely on for the long run.”

By leveraging Burgiss’ portfolio management, transparency data, universe data, and investment book of record cashflow data services, Sumitomo Mitsui DS Asset Management intends to better serve its customers and bring down operational overhead.

Headquartered in New Jersey, US, Burgiss provides data, analytics, and transparency to allow asset owners, asset managers as well as financial intermediaries to evaluate and handle complex portfolios.

The company’s solutions are said to cater to more than 1,000 customers in over 30 countries and to deliver data that represents more than $15 trillion in assets. 

Burgiss APAC client coverage head Wyn James said: “We are thrilled to have been chosen by SMDAM for their portfolio management, transparency data, and benchmarking needs for their private asset portfolio.

“Japan is a crucial market for our regional growth, and we recently opened our Japanese office alongside our partners at MSCI. This is in response to significantly growing market interest in Japan. SMDAM will be an important client for Burgiss as we continue this expansion from our base in Tokyo.”