Japan's Pension Fund Association for Local Government Officials, known locally as Chikyoren, said it has hired Tokyo-based Asset Management One to manage an overseas real estate mandate for the ¥21.8 trillion ($200.6 billion) fund.
The announcement, posted June 7 on Chikyoren's website, provided no further details and a spokesman for the fund wasn't immediately available.
The latest mandate is the Tokyo-based pension fund's third for overseas real estate, following awards for that market segment to UBS Asset Management in July 2016 and Invesco in July 2017.
The latest hire, meanwhile, marks the fund's 18th award of an alternatives mandate over the past three years.
