Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.
Tuesday, 6 December 2016
Last updated 10 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.