Art of Pensions in Japan: Sell Bonds, Buy Wind Farms or Airports

  • DIC's fund cut Japanese bonds from portfolio two years ago
  • Fund had an average return of 5.9 percent from 2003 to 2014

Hideo Kondo says it takes an artist’s mindset to manage the almost $1 billion in pensions of chemical maker DIC Corp. in Japan, where most sovereign debt now promises losses.

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