Japan's $63bn university fund fully invested with 10% annual return
The new fund’s progressive diversification approach is paying off with a 10% annual return, as it completes portfolio build-out and shifts focus to optimisation, its co-CIO tells AsianInvestor.
The ¥10 trillion ($63.3 billion) Japan University Fund (JUF) has become fully invested and swung into annual gain, posting a 10% return for its second full fiscal year ending March 31 (FY2023).
Naoya Sugimoto
JUF
“Since the end of the previous fiscal year in March, we have finished our first stage of our portfolio development which means the fund is now as invested as it is meant to be, with a few percentages in cash as buffer,” Naoya Sugimoto, co-chief investment offi…
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