Nikko Asset Management announced Tuesday it has hired Thomas Juterbock, whose hedge fund firm Fairstream Capital is being acquired by Nikko after operating for less than a year.

Juterbock is now a senior portfolio manager at Nikko’s New York-based American division. He is also a member of Nikko’s global investment committee. He reports to Masayuki Ishihara, global head of fixed income for the asset manager.

In a statement, Ishihara praised Juterbock’s experience in global bond markets and the team he assembled at Fairstream. Juterbock’s six coworkers from the firm are also joining Nikko.

After years working for Morgan Stanley, Juterbock joined Ritchie Capital as head of global relative value trading. He started Fairstream last August, launching a global macro fund.

Tokyo-based Nikko has about ¥11.8 trillion ($98.7 billion) in assets under management in both traditional and alternative investments.