Japan's Teachers' Mutual Aid Co- operative Society, which manages $8.4 billion on behalf of its members, plans to start investing in real estate investment trusts and hedge funds for the first time to diversify risk.
The organization may allocate as much as 60 billion yen ($719 million) in J-REITs and hedge funds as early as September, said Toru Higuchi, a general manager of the organization's asset management department. Teachers' Mutual Aid will also invest in open-ended real estate funds and stocks that provide stable dividends, such as utility companies, he said.
(Bloomberg)
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