Pension fund managers might have been too trusting and
failed to properly evaluate alternative investment strategies
that AIJ Investment Advisors pursued on their behalf.
This was the assessment of some executives whose views
AsiaHedge solicited from after reports emerged that Japan's
regulator, the Financial Service Authority (FSA), has found
that the Japanese alternative investment manager is unable to
account for nearly $2.5 billion of corporate pension funds that
it was entrusted to manage.
Frank Packard, president of Triple A Partners Japan and an
FSA-regulated investment advisor, says that looking at the
situation from the outside, it seems that these pension