Mizuho Global Sees $2 Billion as Japan Pensions Seek Hedge Funds

 

Mizuho Global Sees $2 Billion as Japan Pensions Seek Hedge Funds

Mizuho Global Alternative Investments Ltd., which introduces hedge funds to Japanese investors, expects assets to reach $2 billion by the end of the business year, reflecting demand from local pensions.

The unit of Japan’s third-largest bank by market value raised $1.7 billion by the end June that it placed with global alternative asset managers that offer funds that invest in bank loans and multistrategy hedge funds, Chief Executive Office Manabu Ando said in an interview in Tokyo. It plans to offer other alternative investments such as private-equity and infrastructure funds by the end of this fiscal year in March 2014, he said.

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