Kewpie pension fund aims to raise long-term alts by 50%

Kewpie Pension Fund, with assets of ¥70 billion ($670 million), is to conduct a three-year revision of its investment portfolio by the end of this month that will likely see it raise its investment into long-term illiquid assets by about 50%. In an interview, chief investment officer Okimori Kosuke told AsianInvestor that the fund, which is the retirement pot for mayonnaise manufacturer Kewpie, wants to raise its non-vanilla investments to meet its 3% annual returns target. Hittin…