Institutional Investors

Nippon Life keeps portfolio stable


Japan’s biggest life insurer, Nippon Life, plans to hold steady with its hedge fund investments over the coming year.

The $640 billion scheme said it would add to its private equity holdings, but maintain its hedge fund portfolio as it stands.

Currently the private equity allocation is double that of hedge funds, although both account for a relatively small proportion of the insurer’s overall asset mix, at less than 1%.

While not planning to increase its allocation to hedge fund investments, Nippon Life continues to monitor a number of opportunities, including merger arbitrage and catalyst-driven long/short equity.