From research and consulting to solution development and implementation, NRI strives to facilitate industry conversations through regular research aimed at problem solving and implementation of best practices.
By Sadayuki Horie
Japanese pension funds suffered huge losses from fraud perpetrated by AIJ Investment Advisors. To avoid such fraud, pension funds need to possess sufficient asset management expertise on staff. Also needed are legal reforms to permit pension funds to appoint outside experts to their governing boards and enlarge their scale through pooled management of assets.