PFA's Hamaguchi sets out risk, alts strategy

Japan’s Pension Fund Association (PFA) was set up in 1967 and came into being in its current guise in 2005. It provides benefits to people who seceded from employees' pension funds after a short period, usually less than 10 years. It undertakes aggregation of corporate pension plans, including defined benefit and defined contribution. The PFA has a total of ¥12.7 trillion ($106 billion), of which it manages about ¥5 trillion internally. In an exclusive interview with AsianInve…