The TCW Group has become the latest money management firm to start building an equity stake in the Japanese market.

TCW of Los Angeles will acquire a 30 percent stake in a money management subsidiary of Yasuda Fire & Marine Insurance Co., Japan's second largest property and casualty insurer. TCW, an institutional money manager which is taking steps to broaden its distribution, also will manage two mutual funds and other investments for Yasuda and its asset management subsidiary, Yasuda Kasai Global Asset Management.

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