Japan Pensions Hedge Funds
Japan Pensions Looking to Triple Allocations to Hedge Funds
Japan pension funds are increasingly looking to invest with hedge funds, according to Credit Suisse. Japanese corporate pension funds hold roughly $760 billion and are reportedly looking to
triple their allocations to hedge funds. Over the next couple years, Japan's pension funds may boost their allocations to hedge funds to more than 10% compared to the typical 2-3% held in alternative investments.
Typically, 2 to 5 percent of pension fund assets are in alternative investments including hedge funds, private equity and real estate, and this may grow to about 10 to 15 percent over the next two years, said Benjamin Happ, Hong Kong-based Asia-Pacific head of capital services in Credit Suisse’s prime services division.
“What’s interesting to us right now is how important the institutional investors in Japan are for hedge funds,” said Happ in an interview in Tokyo, where the bank held a conference for Japanese institutions and global hedge-fund managers. “The investor-base in Japan today is the largest and most important group of hedge funds investors in all of Asia and we prioritize it accordingly.”
Credit Suisse, Switzerland’s second-largest bank, has been running a capital introduction business in Japan for over seven years where they help hedge funds set up offices and introduce them to potential investors. Source
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