Japan’s National Federation of Mutual Aid Associations for Municipal Personnel has hired homegrown Nomura Asset Management and UK alternative investment firm Patheon Ventures for a global infrastructure fund of funds mandate.
The pension fund, known locally as Shichousonren, announced the appointments on its website on March 5.
This is its second outsourced investment this year.
The first was for an active domestic equity mandate, which was outsourced last month to Nissay Asset Management Corporation, Sumitomo Mitsui DS Asset Management and Resona Bank.
The value of both mandates was not disclosed publicly.
Shichousonren primarily manages pension assets for mutual aid associations across Japan. Founded in 1984, it has around 16.2 trillion yen (US$110 billion) of assets.
