Investing
Japan’s No. 2 Pension Fund Aims to Double Alternative Assets
- PAL seeks to make alternative assets close to 5% of main fund
- Fund managing $229 billion holds real estate, private equity
This article is for subscribers only.
Japan’s second-biggest pension fund aims to double its holdings of alternative assets such as real estate and private equity to boost returns.
Pension Fund Association for Local Government Officials, known as PAL, is targeting alternative investments rising to near 5% of one of its main funds from 2.1% as of March, said Satoshi Uemura, an executive director at the organization, in an interview.