- CIO Eric Kirsch joined Aflac (AFL -1.5%) in 2011 with a 3-year plan to boost returns by cutting allocations to JGBs. He also pulled back from private placements after the insurer got fried on yen-denominated loans to European banks. Boosted were holdings of U.S. corporate debt and alternative investments.
- The 2nd 3-year plan begins in 2015, and Kirsch - speaking at a presentation in Tokyo - pledged continued higher allocations to growth assets like private-equity, real estate, infrastructure, hedge funds, and public equity.
- Previously: Calpers exiting hedge funds