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Credit Suisse Targets Japan’s $800 Billion Pensions

Bloomberg – Credit Suisse Group AG, which sold its Japanese asset management unit in June, will offer alternative investments including private-equity funds to attract the nation’s $800 billion in pension money.

Tokyo-based Credit Suisse Securities (Japan) Ltd., the Japanese brokerage unit of Switzerland’s second-largest bank, won approval on Oct. 2 from Japan’s Financial Services Agency to act as an investment management firm, according to Akira Takahashi, the head of the brokerage’s asset management group. The unit in August hired BlackRock Inc.’s Shinichiro Sato to head a six-member investment team, Takahashi said.

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