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Mizuho doubles pension business in three months

The trust bank now ranks as the third-largest manager of Japanese pension money, behind Sumitomo and Barclays Global Investors.
Mizuho Trust & Banking is on a roll. The world of managing corporate and public pension money in Japan is not usually one of dramatic moves, but Mizuho has attracted a huge amount of assets so far this fiscal year. From April to June -- the first quarter of Japan's financial year -- Mizuho more than doubled its pension assets, from ¥4 trillion as of March 31 to ¥10.7 trillion ($119 billion) as of June 30, according to the Hong Kong-based Japan Pensions Industry Database. This ha…
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