Friday, 25 July 2014
Last updated 18 min 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…