Orix May Buy US Asset Management Firm - Bloomberg News

Date : 10/06/2011 @ 2:30AM
Source : Dow Jones News
Stock : Orix Corp Ads (IX)
Quote : 79.7  0.7 (0.89%) @ 4:02PM

Orix May Buy US Asset Management Firm - Bloomberg News

Orix Corp Npv (TSE:8591)
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Japan's Orix Corp. (8591.TO) said it is considering buying a U.S. asset management company to add equities to its portfolio, Bloomberg News reported Thursday, citing an interview with deputy president Haruyuki Urata.

Urata said his company is in talks with several firms, but declined to elaborate, the report said.

"We want to diversify our products and client network by expanding into equity investments and attracting Asian investors," Urata said, according to the report on the Bloomberg website.

Full story: http://www.bloomberg.com/news/2011-10-06/orix-may-buy-u-s-asset-management-firm-to-enter-equity-market.html?cmpid=bit

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