Trimming risk
Daisuke Hamaguchi, chief investment officer, Pension Fund Association
![Trimming risk](https://cdn.i.haymarketmedia.asia/?n=asian-investor%2Fcontent%2FDaisuke%20Hamaguchi.jpg&c=1&h=677&q=100&v=20252707&w=1204)
The predecessor of Japan’s Pension Fund Association (PFA) was set up in 1967as a federation of employees’ pension funds. In its current guise PFA came into being in 2005.
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