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Japan Teachers Fund to Start REIT and Hedge Fund Investments

Japan’s Teachers’ Mutual Aid Co-operative Society, with about 600 billion yen ($7.6 billion), will start investing in real estate investment trusts and hedge funds as it seeks to diversify risks and boost returns.

The pension fund plans to add about 100 billion yen in new allocations for domestic and foreign stocks, overseas bonds, REITs and hedge funds this fiscal year ending March 2013, said Toru Higuchi, a general manager in the asset management department. About half of the money will be invested in foreign bonds, while Japanese and overseas REITs as well as hedge funds will take as much as 12 billion yen each, he said.