Japan’s Pension Building In-House Team for Alternative Investing
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Japan’s public pension fund, the world’s largest investor of retirement savings, is building a team to invest in alternatives as it pushes into riskier assets.
As soon as the pension is ready it will be a significant player in the asset class, Hiro Mizuno, chief investment officer of the Government Pension Investment Fund, said at a Pensions & Investments conference in New York. The fund, which oversees about $1.1 trillion, isn’t required to invest in alternatives and will do so when it sees opportunities, he said.