Monthly Archives: November 2011

JGBs sink, foreign assets rise in Japan Post Bank’s portfolio

Japan Post Bank is looking ever more like a marketing opportunity for overseas fixed-income houses. The proportion of foreign securities in the Bank’s 190.7 trillion yen portfolio has risen to 5.66% from nearly zero three and half years ago As this analysis shows, the … Continue reading

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Itochu Corp forms private equity tie-up with KKR

Japanese trading conglomerate Itochu Corp and US private equity firm KKR look set to announce a successful US$7 billion bid for assets owned by Oklahoma-based oil and gas group Samson Investment Company, according to an insightful story from Reuters.   … Continue reading

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Mitsubishi Corp to build infrastructure debt platform in US

Japanese trading giant Mitsubishi Corp plans to establish an “infrastructure debt platform” in the US, according to a statement from the company about its acquisition of assets from Connecticut-based Aladdin Capital Holdings LLC. This is the second US asset management acquisition … Continue reading

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Bringing private equity participations to Japanese pensions

The departure of Royal Bank of Scotland’s Australia-based infrastructure advisory team for Mitsubishi UFJ Financial Group will give the Japanese pensions giant more of the talent it would need to provide its clients with participations in private equity projects – at  … Continue reading

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Mitsubishi Corp confirms purpose of TorreyCove deal

The far-sighted rationale driving Mitsubishi Corp’s acquisition of 80% of California-based TorreyCove Capital Partners LLC, formerly PCG Asset Management, which this blog pondered on the 31 October, is confirmed by a media release now on the company’s web site. The statement … Continue reading

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GPIF Q1 beats benchmarks but yen and rough markets take toll

The world largest institutional investor saw a return of -0.21% during the first quarter of the 2011/12 financial year but performed above its benchmarks in all segments. At 30 June, Japan’s Government Pension Investment Fund had 51.47% of its 113.75 trillion … Continue reading

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Nomura Research Institute on target again

The latest edition of Nomura Research Institute’s occasional lakyara reports on asset management in Japan, which the firm produces for its clients in the US and UK, is now available and the series’ long-standing author Sadayuki Horie once again hits … Continue reading

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Pension Fund Association brings 40% inhouse, cuts managers

Forty percent of the 10 trillion yen of retirement savings held by the Pension Fund Association was brought under inhouse management in the year to 31 March 2011, according to the Association’s annual report on its stewardship of the hoard. … Continue reading

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