TOKYO — Japan’s Tohoku University plans to invest nearly half of its endowment fund in alternative assets over the long term, aiming to boost returns and secure more funds for research.
In fiscal 2024, the university plans to reallocate around 10% of its funds managed by Sumitomo Mitsui DS Asset Management, which totaled 1.5 billion yen ($9.3 million) in March, to such assets as real estate, unlisted stocks and infrastructure. This money was split 70-30 between bonds and equities as of fiscal 2023.