New $90 Billion Japan Fund Eyes Riskier Assets to Boost Returns

From bnnbloomberg.ca

Japan’s new 10 trillion yen ($90 billion) university fund is looking to invest in alternative assets and foreign stocks, its chief investment officer said, as it seeks returns that would trump those of the country’s more conservative pension funds. Masakazu Kita wants the fund’s portfolio to include at least some alternative assets, such as private equity, real estate or infrastructure, and could also invest in hedge funds. The fund is set to hire widely among alternative asset specialists, Kita told Bloomberg News in an interview Wednesday. “We’ll have at least 20, 30 people” in the front end overall, ... (full story)