Daiwa SB Investments has selected RS Investments, a San Francisco-based investment management firm, to manage the equity portion of the new Twin Accelerator Fund, a Japanese mutual fund distributed by Daiwa Securities.

According to RS Investments, at the time of closing on July 31, 2010, the fund’s assets under management totaled approximately $469m.

RS Investments said its team will run a concentrated portfolio of US small cap growth stocks, which will comprise approximately 40% of the fund.

Terry Otton, CEO of RS Investments, said: “We are very pleased to have been selected by Daiwa SB Investments, and look forward to a long and productive relationship with this prominent organization.

“They are a very well respected asset management company, with a long history of providing investment solutions to the Japanese and global markets and we view this appointment as confirmation of our 24 years of successful growth investing.”