Japanese Pensions Plan More Alternative Investments After AIJ
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Japanese pension funds plan to boost investments in alternative assets even after the fallout of AIJ Investment Advisors Co., which allegedly lost pension clients’ money, a survey by JPMorgan Chase & Co. showed.
Retirement funds that plan to increase investments in the asset class, which includes hedge funds and private-equity funds, in the current fiscal year that started April 1 totaled 20.6 percent, according to the survey by JPMorgan’s Tokyo-based asset management unit. That was the most among 10 asset types.