Boston-based Grantham, Mayo, Van Otterloo Co GMO, a privately held investment management firm for institutional investors with $25 billion of assets, has just incorporated in Singapore. This marks its first physical foray into Asia ex-Japan, although the firm opened a Sydney office in 1996, and has managed Japanese securities since 1986. The partners founded it in 1977, and it also has offices in London and San Francisco.
GMO is in the process of hiring Glen Howard, former managing director of Towers Perrin in Singapore, to head its Asian business. It is also still applying for investment licenses from the Monetary Authority of Singapore. Howard was unable to comment, as he is not...
