LGT Capital Management of Liechtenstein has appointed Nomura Asset Management to manage a Japanese small-cap equity portfolio as a new part of LGT's global fund range.

Nomura specialises in active management of Far East equities and has won a number of such mandates in Europe in the last year. Being based in Japan gives it the advantage of being close track the progress of local companies, in particularly the smaller companies which are most vulnerable to local economic conditions.