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AIJ Lured Pension Fund With Nomura Pedigree, 7% Return

A Japanese pension fund said it invested with AIJ Investment Advisors Co., whose business has been suspended by regulators, because it was run by a former Nomura Holdings Inc. manager and offered 7 percent returns.

“We believed in such high returns as we were assured that the business is being led by a former Nomura branch manager,” Toshiro Katsuno, a board member of Koshinetsu Printers Association Pension Fund, said in a telephone interview yesterday. “People become blind in front of such a big name.”