Monthly Archives: May 2016

Foreign firms shine again in R&I 2016 awards for DB managers

Rating and Investment Information Inc, along with sister companies Nikkei Inc and Quick Asset Management, have announced the winners of their annual Fund Awards in the defined-benefit pension category. There are three winners for each type of portfolio component. To be … Continue reading

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Best practice on earnings disclosure — brokers take the lead

Five Tokyo brokerages are steering clear of the formerly widespread practice of allowing analysts to interview companies ahead of quarterly earnings announcements and share the  information gained with clients, according to a lengthy report by Bloomberg. The firms are Credit … Continue reading

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Shift in GPIF allocation was to beat inflation not to boost stocks

A perceptive article in The Economist quotes Hiromichi Mizuno, chief investment officer of the 140 trillion yen Government Pension Investment Fund, as saying that a fundamental shift in GPIF’s asset allocation during October 2014 was made to prepare for Japan’s … Continue reading

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Japanese investors route 74 trillion yen via Cayman Islands

Japanese investors are putting more money into Cayman Islands registered vehicles than ever before according to a report in the Asahi based in Bank of Japan balance of payment statistics. The newspaper pegs the amount routed through the British Caribbean … Continue reading

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Segregated accounts gain the edge on pooled for plan sponsors

Trust banks and life insurance companies were managing 75,754.8 billion yen in pooled accounts for Japanese pension funds at the end of the financial year on 31 March 2015, according to the most recent annual analysis from Nenkin Joho, the … Continue reading

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Return on pooled pensions accounts at life cos goes below 2%

The return on corporate pension plans managed by life insurers in pooled accounts fell in the 12 months ended 31 March 2016 to just 1.75%, down 0.4% from a year earlier, says a somewhat confused article in the Nikkei. Worse … Continue reading

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Domestic equities levels in Post’s portfolios barely budge

For all the talk of Japan Post Bank and Japan Post Insurance injecting whale-size demand into the Japanese stock market the just-published results of two tell a different tale. Beware: The tables below are taken from the annual reports in … Continue reading

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Tough year for investment trust firms comes to a close

Assets under management in stock and bond funds offered publicly by Japan’s investment trust companies fell 0.79% to 92,428.5 billion yen in the financial  year ending 31 March 2016, figures from the firms’ trade body show. Nomura still rules the … Continue reading

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Pension funds buy into Tokyo real estate via OakTree

Japanese pension funds are among the investors in a Tokyo-focused fund managed by GreenOak Real Estate which  attracted $655m from US dollar and yen-denominated investors before it closed in February, according to I&PE Real Estate. The GreenOak Asia II vehicle … Continue reading

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Japanese life insurers’ appetite for US takeovers not sated yet

(Bloomberg) — Japanese insurers made more than $18 billion worth of acquisitions in the U.S. last year, and their spending spree isn’t over yet, industry dealmakers said Tuesday. Japan has a number of large, healthy insurers facing dim growth prospects at … Continue reading

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