Japan’s Chikyoren shifts on allocation, outsourcing

Japan’s Pension Fund Association for Local Government Officials is shifting more of its portfolio management in-house and allocating less to government debt, according to the Japan Pensions Industry Database (www.ijapicap.com/blog). With assets of ¥15.85 trillion on March 31 ($191.5 billion at the time), Chikyoren is the seventh largest pension fund in the world and the biggest in Japan after the Government Pension Investment Fund, according to Towers Watson. At March 31, Chikyo…