The 23 trillion yen Pension Fund Association for Local Government Officials has awarded a mandate to manage overseas real estate investments to Invesco Asset Management and another to manage overseas infrastructure investments to Tokio Marine Asset Management according to a brief announcement from the body which is known as Chikyoren.
The Association operates as a mutual aid association and like its peers has agreed to follow similar asset allocation guidelines to those of the Government Pension Investment Fund which is also moving a smallpart of its portfolio into alternatives.
For more detail, currently being updated, on Chikyoren see under ‘The Giants’ tab atop this page. For a full profile see archive 2012- 11-8 and/or use the search box to track the many stories which have appeared about the fund on this site.
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This blog would not exist without the help and humour of Diane Stormont, 1959-2012