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: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

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

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of