Noritz Pension Fund
Noritz Pension Fund is a corporate pension fund based in Japan that manages a defined benefit pension scheme for employees of Noritz Corporation is a Japanese company that produces tankless water heaters. As of March 31, 2023, the fund had assets under management of ¥22.7 billion (approximately $170.4 million). The fund is reducing passive investments and focusing on active managers to generate alpha, while also reducing foreign exchange hedging to benefit from the depreciation of the Japanese yen. The fund's CIO is concerned about persistent high inflation and interest rates and is cautious about fixed income investments. Industries it has a preference for include: Diversified/Conglomerates First time funds may be considered.