Author Archives: Jo McBride

MS&AD follows Nippon, Dai-ichi and Sony life cos into Australia

MS&AD Insurance Group Holdings is to pay 44 billion yen to acquire 6.3% of Australia’s Challenger Ltd, a provider of retirement-focused insurance and asset management services and a leading player in the country’s superannuation sector. The development follows Nippon Life’s … Continue reading

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Postal institutions keep asset allocation steady in Q1 2017/18

The asset allocations in the portfolios both Japan Post Insurance and Japan Post Bank barely budged in April-June their reports for the first quarter of the 2017/18 financial year show. At Post Insurance over half the portfolio remained in Japanese … Continue reading

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GPIF asset allocation: so far so good, what next?

The Government Pension Investment Fund has published both its investment results for the first quarter of the 2017-18 financial year, showing a 3.54% gain in the term, and the full version of its 2016-17 annual report.  The small shifts in … Continue reading

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Kato follows Shiozaki as new pensions new supervisor

In a cabinet reshuffle Katsunobu Kato  replaced Yasuhisa Shiozaki as Minister of Health, Labor and Welfare, the department which oversees Japan’s corporate pension funds as well as the Government Pension Investment Fund and Serama. There have been no explanations of Mr … Continue reading

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Sumitomo and others trading houses launch US property funds

It has been a very long time coming but the logic of Japan’s giant trading houses using their knowledge of overseas property markets to create packages in which institutions at home can invest for income and/or capital appreciation has finally … Continue reading

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Orix’s Robeco appoints Shiro Tsubota as president for Japan

Robeco has announced the appointment of Shiro Tsubota as president and representative director of its Japan operations with immediate effect. He will report to Graham Elliot, managing director and head of Asia-Pacific distribution based in Hong Kong. Mr Tsubota previously … Continue reading

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Sumitomo Mitsui Trust: sokanji, stewardship and restructuring

Sumitomo Mitsui Trust Holdings plans to combine the asset management operations of Sumitomo Mitsui Trust Bank and Sumitomo Mitsui Trust Asset Management Co during the financial year beginning 31 March 2018, according to an announcement from the company issued at … Continue reading

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Infrastructure: the definitions and the public interest questions

An article in I&PE Real Estate asks what characteristics will come to define ‘infrastructure’ investment given the shortage of assets for the class and the granting in April by the New South Wales state government of a 35-year lease to … Continue reading

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Chikyoren awards overseas real estate, infrastucture mandates

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 … Continue reading

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Alternatives and smart beta gaining ground say consultants

Pension funds continue to hold more in alternatives than do other types of investor and last year accounted for a third of the US$1,330.8 billion of such investments under external management, according to Willis Towers Watson’s annual study of the … Continue reading

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