Monthly Archives: January 2012

Hedge fund redemptions tune Mitsubishi UFJ takeover engine

Redemption requests totalling US$2.5 billion have been submitted by Bank of Tokyo-Mitsubishi UFJ to funds of funds managed by BlackRock, Grosvenor Capital, Mesirow and UBS, according to Hedge Fund Alert. The publication quotes “a Tokyo-based broker-dealer” as suggesting that the … Continue reading

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New FSA rules to make start-up fund firms at home in Japan

The Financial Services Agency plans to introduce by April ordinances making it easier for asset managers serving institutional and wealthy individuals to set up in Japan, according the [subscription only] eNikkei site which gives no source for the information.  The report claims that firms serving individuals with … Continue reading

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DC not doing it for over 60% of plan members

Ten years after they were introduced, defined-contribution savings schemes are not delivering for their members. So says Masatake Maeda, Senior Economist at the Japan Center for Economic Research, writing on [the subscription only] website eNikkei.com under the headline “Japan’s 401 … Continue reading

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Japan demands more passively managed foreign equity

Passively managed foreign equity, dynamic hedging, commodities exposure and “downside-risk-managed multi-asset” products are all underserved niches experiencing considerable demand in Japan’s asset management market, according to the latest of Nomura Research Institute’s respected annual papers on the business.   Many … Continue reading

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Still small in Japan: DC looking for a boost a decade on

Mutual funds sold to Japan’s 4,000 DC pension plans still account for only a small percentage of asset managers’ business a decade after they were launched. But the numbers could yet get a boost from 1 April when employees will … Continue reading

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Hitachi Ltd tops pension funds league at over US$7.8 billion

Hitachi Ltd’s group pension fund maintained its unassailable lead as Japan’s largest defined-benefit corporate scheme in the year ending 31 March 2011 when its assets reached 607,137 million yen (then US$7,334.6 million, now US$7,865.4 million) according to newsletter Nenkin Joho’s annual … Continue reading

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