I’m not sure I should tell you about this manager because I don’t want his fund to be oversubscribed,” confessed an anxious Japanese investment adviser to FinanceAsia.
Like all his peers, he is scrambling to find profitable products for clients suffering under Japan’s negative interest rate policy. Increasingly, the hunt for yield is guiding large and small investors alike towards a particular investment category alternatives.
The world’s largest pension fund, Government Pension Investment Fund GPIF and Japan Post, the country’s biggest bank by deposits and insurer by assets, are poised to invest in alternatives. Many other Japanese asset owners have already begun shifting...