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Japan Post Bank To Launch Hedge Fund

Japan Post Bank is set to launch a $1.5bn hedge fund, according to reports from the FT. The fund, which is due to launch in October, will be run a group of people recruited from Goldman Sachs, Barclays, Fidelity and one global hedge fund, according to the article. The Japanese-based bank announced plans last year that it would build out its alternatives business. According to reports it has around $1.85tn in AUM with 40% of that in a satellite portfolio, which contains alternative investment assets. According to a recently published three-year business plan, the bank’s holding company Japan Post Holdings has a net...