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Matthias Knab reports live from the Hedge Funds World conference in Tokyo: Mr. Yasunobu Amori from NLI International Inc.(Nippon Life) says NLI employs 6 people in the NY office and manages 2bln$ in alternatives, including private equity. At this time, the firm considers market neutral, emerging markets and global macro funds.

Mr. Kazushige Okuno, The Norinchukin Bank, Japan said his firm started 1996 to invest in hedge funds, at that time mainly US managers. Today the bank also invests in Asian and Japanese hedge funds. In his allocation process, Mr. Okuno also looks at the alpha of the specific markets as well as the skills of the manager. Giving an analogy, he said you have to pick the good fisherman but also look if there are actually “fish” in the fishing grounds the fisherman uses.

Mr. Daisuke Hamaguchi, Director of Pension Investments, Pension Fund Association: The PFA invests in real estate and private equity, however for hedge fund investments at this time the PFA has no specific plans. From his previous employment, Mr. Hamaguchi has ample experience investing in hedge funds. Mr. Hamaguchi said portable alpha may be an adequate strategy. Portable has become fashionable, with “ready made” products being offered from different players (banks, multi strategy hedge funds etc.).

Mr. Masakazu Arikawa, President Sony Global Pension Management, Japan said Sony’s investment since 2002 included FoFs. Currently invested in UK and US ......................

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