Japan’s Teachers Mutual Aid Co-operative Society is understood to be looking to make its first foray into hedge funds this year, as part of its overall goal of boosting returns while diversifying risks.
The plan has a total value of around $8 billion. Thus far the scheme has focused on traditional asset classes but the current low-return environment is seeing it widen its investment remit. This will include REITs and hedge funds.
Although there is no target set yet for hedge fund allocations the target might be as high as $600 million.
As of 2011 the scheme was