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Japan’s $90 Billion Innovation Fund Eyes Riskier Assets

  • College fund to invest in alternative assets, foreign stocks
  • CIO Masakazu Kita tasked with getting higher returns than GPIF
Masakazu Kita
Masakazu Kita Source: Japan Science and Technology Agency
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Japan’s new 10 trillion yen ($90 billion) university fund is looking to invest in alternative assets and foreign stocks, its chief investment officer said, as it seeks returns that would trump those of the country’s more conservative pension funds.

Masakazu Kita wants the fund’s portfolio to include at least some alternative assets, such as private equity, real estate or infrastructure, and could also invest in hedge funds. The fund is set to hire widely among alternative asset specialists, Kita told Bloomberg News in an interview Wednesday.