Japanese Pension’s Hedge Fund, Private Equity Investments Soar

Jul 10 2008 | 11:23am ET

A Japanese pension fund has increased its hedge fund investments sixfold in the past year, and plans to increase it even further.

Japan’s Pension Fund Association began investing in hedge funds in the second half of last year, a year after it first began to consider the asset class. The fund now has some ¥300 billion (US$2.8 billion) in hedge funds, and plans to boost that to 4% of its ¥13 trillion (US$121.1 billion) in assets, or ¥520 billion (US$4.8 billion), Bloomberg News reports.

“We’ve been aggressively increasing investments mainly in about the top 50 hedge funds in the U.S.,” Tomomi Yano, JPFA executive managing director, told Bloomberg.

The pension has also hired a pair of professionals to oversee its hedge fund and private equity investments. It has about ¥60 billion (US$559.8 million) invested in p.e., with plans to boost that to 2% of assets, or ¥260 billion (US$1.1 billion).


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...