Monthly Archives: October 2017

SMTB becomes top KKR manager, displacing in-house team

The in-house management team at the Federation of National Public Service Personnel Mutual Aid Associations (KKR) is no longer the MAA’s top fund manager. A drop in domestic bond holdings, all of which are managed internally, means that Sumitomo Mitsui … Continue reading

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FILP bonds may weigh heavily on KKR portfolio for many years

The just-published first quarter report of the Federation of National Public Service Personnel Mutual Aid Association, usually known by its Japanese acronym KKR, shows it to be making very slow progress in re-balancing its portfolio away from bonds — and … Continue reading

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GPIF to help develop yardsticks for measuring…not a lot so far

In a press release issued yesterday, in Japanese only, the Government Pension Investment Fund announced that it and the World Bank will research what new yardsticks — ratings, benchmarks, guidelines and so on — are needed to help investors pursue … Continue reading

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Insurers active in both buying and selling foreign firms

MS&AD Insurance Holdings is to invest up to £800m ($1bn) in ReAssure Jersey One Limited, a UK unit of Swiss Re, in a two-stage deal which will see it first acquiring 5% of the target’s outstanding shares for £175mn by … Continue reading

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Government keeps Chikyoren’s bond allocations at a high 40%

The Pension Fund Association for Local Government Officials, usually known as Chikyoren, made an investment return of over 5.5% on both its main accounts last year, pushing the asset value of the Employee Pension Insurance Benefit Adjustment Fund to 10,461.3 … Continue reading

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After lean years Northern Trust appoints new head of Japan

Northern Trust has appointed Keishi Yamamoto to lead its asset management business in Japan. He replaces current president and representative director Hidehiro Nakayama who retires later this year. The hope must been that the new appointment can turn around Northern … Continue reading

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