Friday, 27 November 2015
Last updated 3 hours ago
Sep 25 2012 | 1:55am ET
A US$7.6 billion Japanese pension fund will begin investing in hedge funds.
The Teachers' Mutual Aid Co-operative Society could put as much as ¥12 billion (US$153.8 million) into hedge funds, Bloomberg News reports. The maiden allocations will come during this fiscal year, which ends in March.
Teachers' Mutual will also invest in foreign bonds and real-estate investment trusts as part of a new ¥100 billion (US$1.3 billion) investment plan.
"We have decided to focus on return, so we decided to invest in J-REITS, global REITS, hedge funds and domestic and foreign stocks," Toru Higuchi, an asset management general manager, told Bloomberg. "We need to have a certain level of return no matter how the market condition is."
The pension is targeting annual returns of 3% to 5%. Most of its assets are currently invested in sovereign and corporate debt.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…