Hedge Funds Seek a Slice of Japan’s $740 Billion Pension Funds After Quake

Bloomberg – Global hedge funds are vying for allocations from Japan’s corporate pension fund managers, who oversee about $740 billion and are seeking alternatives to stocks following the March earthquake.

Prosperity Capital Management, the largest manager of Russia-focused funds with about $5 billion in assets, plans to open an office in Tokyo in August. Van Biema Value Partners LLC, a New York-based fund of hedge funds with about $800 million in assets, is targeting Japanese pensions by offering funds that buy securities seen as inexpensive relative to the market.

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