Japan's Pension Fund Association for Local Government Officials, or Chikyoren, hired Mitsubishi UFJ Trust and Banking to manage a global infrastructure allocation for the Tokyo-based ¥20.6 trillion ($202 billion) pension fund.
A Chikyoren spokesman on Friday declined to say how much money Mitsubishi UFJ will manage for the pension fund.
The latest allocation marks the pension fund's second to global infrastructure. On July 8, Chikyoren announced it had hired J.P. Morgan Asset Management for global infrastructure.
The pension fund has made three other allocations this year to alternative asset classes, hiring Resona Bank in March and Nomura Asset Management in June to manage domestic real estate, and UBS Asset Management in July to manage global real estate.
