The Ireland-domiciled fund will invest in a highly concentrated, unconstrained global equity portfolio comprising 17 to 25 stocks. It will be managed by NAM UK’s head of equity investment, Tom Wildgoose. It will be co-managed by Ilan Chaitowitz and supported by a team of 18 investment professionals.

The managers will use both top-down risk analytics and bottom-up asset selection ideas to identify high-quality businesses trading below intrinsic value.

“With our Global High Conviction Fund, we are seeking companies that offer quality at a discounted valuation. Behavioural biases often cause stock prices to deviate from intrinsic values,” said Wildgoose. 

“The fund’s investment process is designed to mitigate these biases through rigorous analysis and peer review. The concentrated portfolio is based on our insight that best ideas tend to contribute more to performance and high conviction ideas can actually be diluted by other holdings in more diversified mandates,” he added. 

The launch expands Nomura's Ireland-domiciled fund range, which currently has over $6 billion of assets under management.