About us

Asset Management One USA Inc. (“AM-One USA”) is a U.S. based affiliate of Asset Management One Co., Ltd. (“AM-One JAPAN”), a global investment management group headquartered in Tokyo, Japan and is part of the Mizuho Financial Group and Daiichi Life Group.

 

Prior to April 1, 2024, AM-One USA was a wholly owned subsidiary of AM-One JAPAN, of which 70% economic interests and 51% voting rights are owned by Mizuho Financial Group Inc. (“MHFG”) and 30% economic interests and 49% voting rights by Daiichi Life Group, Inc.(former Dai-Ichi Life Holdings, Inc., “Dai-ichi Holdings”), respectively. Effective April 1, 2024, MHFG’s indirect share of ownership of AM-One USA was transferred to Mizuho Americas LLC (“MALLC”) and the remaining ownership was transferred to Dai-ichi Life Holdings. MALLC is MHFG’s U.S. bank holding company, and is wholly owned by MHFG’s direct subsidiary, Mizuho Bank, Ltd.  The ownership restructure of AM-One USA was a result of MHFG’s intention of designating MALLC as its U.S. intermediate holding company. AM-One USA continues engaging in advisory business under the name of Asset Management One and collaborates with AM-One JAPAN as agreed in three sets of collaboration agreements entered into among MALLC, AM-One JAPAN, and AM-One USA (collectively, the “AM-One Collaboration Agreements”) to coordinate and further asset management business opportunities for the Asset Management One Group (the “AM-One Group”). AM-One USA is also affiliated with Asset Management One International Ltd., Asset Management One Hong Kong Limited, and Asset Management One Alternative Investments, Ltd. which are direct subsidiaries of AM-One JAPAN. MHFG and Dai-ichi Holdings and their affiliates are involved in a broad spectrum of financial services. Because of the wide range of services offered by MHFG, Dai-ichi Holdings  and their affiliates, it is possible that conflicts may arise. Any such conflicts will be dealt with and remediated, to the extent possible, by AM-One USA’s relevant policies and procedures.

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AM-One USA has entered into the AM-One Collaboration Agreement with AM-One JAPAN and MALLC whereby AM-One USA and AM-One JAPAN collaborate and share certain information with each other for the purpose of furthering AM-One Group’s global asset management business in a manner consistent with AM-One Group’s business principles. AM-One USA and AM-One JAPAN do not share information regarding their respective investment recommendations, trades, trading plans, or positions that are not disclosed to their respective clients, except the cases where AM-One USA acts as sub-adviser to AM-One JAPAN or vice versa, and any other information that would cause a conflict of interest with their respective clients, or any information, the disclosure of which would violate AM-One USA and AM-One JAPAN’s fiduciary or confidential obligations to their respective clients. However, the collaborative relationship and information sharing associated with the relationship may create potential conflicts of interest. AM-One USA has implemented policies, procedures and controls to mitigate and manage such conflicts and risks.

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AM-One USA and AM-One JAPAN have a collaborative arrangement whereby they jointly research, design, develop and maintain proprietary algorithms or outputs of such algorithms for their quantitative investment strategies and infrastructure design (collectively, the “AM-One IP”), supporting IT infrastructure, as well as sourcing, analyzing and monitoring third party quantitative strategies. AM-One USA and AM-One JAPAN jointly own, manage, and share AM-One IP and supporting IT infrastructure (together with AM-One IP, the “Global Quantitative Platform”). The Global Quantitative Platform is accessed and maintained by designated personnel of AM-One USA and AM-One JAPAN. Neither AM-One USA or AM-One JAPAN charges any additional fees or expenses to their clients or investors in relation to the collaborative arrangement. Notwithstanding the foregoing, AM-One USA and AM-One JAPAN may derive various non-monetary benefits by using the collaborative arrangement such as information and business relationship advantage and potentially increased businesses within the Asset Management One Group. Furthermore, AM-One USA and AM-One JAPAN share the fees paid to them by advisory and non-advisory licensing clients for the products and services based on AM-One IP.  In addition, in certain circumstances AM-One USA and AM-One JAPAN may enter into a sub-advisory agreement by which AM-One JAPAN delegates some or all of its responsibilities to AM-One USA, or vice versa. The collaborative arrangement may result in AM-One JAPAN’s access to certain information with regard to the quantitative investment strategies ahead of other AM-One USA’s clients or investors, or vice versa. Please see the Part 2 Brochures of AM-One USA’s Form ADV for a more detailed description of risks associated with investment into investment products and strategies managed by AM-One USA and conflicts of interest.

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