Independent asset managers on rise in Japan
Small, management-owned asset managers enjoy rising fortunes in running money for Japanese pension funds.
![Independent asset managers on rise in Japan](https://uat.cdn.i.haymarketmedia.asia/?n=asian-investor%2Fcontent%2Fimages-3.jpg&c=1&h=677&q=100&v=20253015&w=1204)
Smaller firms are winning pension mandates in Japan despite an overall shrinking value of assets mandated to third-party managers.
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