Monthly Archives: June 2016

Pensions management on track for an alternatives future

J.P.Morgan Asset Management’s just-published results of its latest annual survey of Japanese pension funds, the first under a negative interest rate regime, show only moderate amounts of change in asset allocations and strategies but a continuing trend to alternatives which … Continue reading

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Life cos tapping cheap capital now to meet 2020 solvency rules

Japan’s major life insurance companies are increasing their capital to prepare for regulations which will come in effect around 2010 according to the Nikkei. (Non-Nikkei subscribers can also see the full story here.) Sumitomo Life Insurance plans to raise 100 … Continue reading

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GPIF shows some stewardship spine, gets tough with Toshiba

The Government Pension Investment Fund, the world’s largest institutional investor, is suing Toshiba Corp in the Tokyo District Court for 964 million yen it was revealed yesterday following a shareholders’ meeting of the nuclear-to-semiconductor conglomerate The action for damages was … Continue reading

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Post Bank’s JGB holdings down 30%, foreign securities up 28%

Japan Post Bank’s investment in Japanese Government Bonds fell to just 40.1% of its portfolio, or 82,255.6 billion yen, in the year 31 March 2016, compared with 51.8%, or 156,169.7bn yen, 12 months earlier, its recently published annual results show. … Continue reading

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DB pensions managers hold asset allocations in year of turmoil

Management firms exercising discretionary stewardship over the assets of Japan’s defined-benefit pension funds were pinched by a paradox in the year ended 31 March 2016 when a feeble domestic economy brought in  negative interest rates and a feeble economy abroad … Continue reading

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Step towards property continues Chikyoren’s slo-mo overhaul

The National Pension Fund Association for Local Government Officials has appointed Nomura Asset Management to begin developing its domestic real estate investments. Usually known as Chikyoren, from the Japanese acronym of its name, the fund made only a simple one-line … Continue reading

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Cash up, local equities down in Japanese life cos’ portfolios

Total invested assets at Japan’s life insurance companies fell 0.4% in the year ending 31 March 2016 to reach 359,927 billion yen, figures from the firms’ industry body reveal. While the move was small it marks the first drop since … Continue reading

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