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September 2022
AAM Magazine
September 2022
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Japan’s Chikyoren hires Asset Management One, Robeco for foreign equity mandates

By Hui Ching-hoo   
August 9, 2022

Japan’s Pension Fund Association for Local Government Officials, known locally as Chikyoren, has hired local fund house Asset Management One Co and Dutch asset manager Robeco for two active foreign equity mandates of unspecified value.

One mandate is benchmarked against the MSCI All Country World Index and will be overseen by Asset Management One, and the other is benchmarked against the MSCI Kokusai Index and will be managed by the local unit of Robeco, Japan’s second largest pension fund says in a statement on August 5.

Chikyoren has mostly hired external firms to manage alternative investments, including private debt and real estate, thus far this year.

Its only other outsourced mainstream investment was in May, when Asset Management One, Barings Japan, Resona Bank, J.P. Morgan Asset Management, BlueRay Asset Management and BNY Mellon Investment Management Japan, were hired for a foreign bond mandate, also of unspecified value.

Chikyoren had around 27.74 trillion yen (US$205.2 billion) of assets under management as of June 2022.