Searches and Hires

Japan’s Chikyoren taps Mitsubishi for domestic infrastructure allocation

Japan's Pension Fund Association for Local Government Officials, known locally as Chikyoren, hired Mitsubishi Corporation Asset Management to manage a domestic infrastructure allocation for the Tokyo-based ¥23.7 trillion ($216.6 billion) pension fund.

The announcement, posted to Chikyoren's website, didn't provide details on the size of the mandate. A Chikyoren spokesman couldn't immediately be reached for comment.