Japan’s Pension Fund Association (PFA) has chosen MSCI’s RiskMetrics HedgePlatform as their hedge fund transparency provider.

PFA, which currently manages JPY10 trillion (USD 120 billion), was established under the Employees’ Pension Insurance Act in Japan. It provides pension benefits to those who seceded from employees’ pension funds and is also engaged in management of assets for serving pension benefits. RiskMetrics HedgePlatform will allow PFA to better analyse, monitor, and manage their hedge fund investments based on the position-level holdings of the underlying funds.

“With a strong commitment to our beneficiaries, we are continuously strengthening our level of risk management to secure our fiduciary responsibility.  In looking at options to address risk and transparency, MSCI’s RiskMetrics HedgePlatform will be a great fit,” says Nobuki Yasuda, Director of Alternative Investment at PFA. “HedgePlatform will allow us to perform robust due diligence, monitoring, portfolio construction, and risk management of our hedge fund investments.”

Roveen Bhansali, Managing Director and Head of the Risk Management Analytics Business at MSCI, says, “We are delighted to be working with PFA to provide them with the tools they need for their risk management processes.  We continue to see a strong demand for transparency in the hedge fund space and look to provide the best products and services available. We look forward to a long, successful relationship with PFA.”