Japan's ¥23.1 trillion ($214.2 billion) Pension Fund Association for Local Government Officials hired Nomura Asset Management to run an overseas private debt mandate.
The Tokyo-based fund, known locally as Chikyoren, did not provide further details in a notice posted on its website, Friday. A spokesman could not immediately be reached for comment.
It was Chikyoren's third private debt mandate over the past year or so, following mandates awarded to Barings Japan in September and BlueBay Asset Management International in May. Further details were not available.
