Dai-ichi Life to Boost Stake in UK Hedge Fund Capula to 15%

Dai-ichi Life Holdings Inc. said on Monday that it plans to make an additional investment in UK-based Capula Investment Management, aiming to strengthen its ability to oversee non-traditional assets.

The Tokyo-based insurer’s stake in Capula will rise to about 15%, including a share of about 5% already held by its subsidiary Dai-ichi Life Insurance Co. Dai-ichi Life will designate Capula as an affiliate and will send a director to the hedge fund, which specializes in bonds.