Japan Post Bank steps up alts push, outlines plans
The huge institution has set out more detail about its rapid push into hedge funds, private markets and other risk assets, as its head of asset management prepares to exit.
Japan Post Bank (JPB) plans to pour some $62 billion into alternative investments over the next three years, quadrupling the share of such assets in its $1.8 trillion portfolio, according to the strategy plan it released last week.
The huge institution will also set up a joint investment company alongside affiliate unit Japan Post Insurance to look at private equity opportunities, with a view to financing buyout deals and investing in domestic technologies and startups. JPB is als…
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