(Bloomberg) -- Daido Life Insurance Co., a unit of Japan's only publicly traded life insurer, will boost investment in hedge funds and private equity by as much as 50 billion yen ($420 million) in the fiscal year started April 1.
The Osaka-based company will allocate 10 to 20 billion yen in hedge funds and 30 billion yen in private equity, Akio Shinju, general manager of the firm's investment planning said in an interview yesterday. Holdings of stocks and bonds will be unchanged, he said. As of March 31, Daido Life held 190 billion yen in hedge funds and 120 billion yen in private equity.
Read more at Bloomberg Bonds News
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