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...A spokesperson for Norinchukin Bank, also called Nochu, said the lender does not comment on individual transactions....
...But the CLO market has suffered this year during a broader sell-off as many big investors, including Wells Fargo and JPMorgan Chase as well as Norinchukin Bank in Japan, slowed or stopped new investment....
...Japan’s Norinchukin Bank, a major CLO buyer, has reportedly stopped buying....
...One example of this is the new venture capital arm of Norinchukin — an agricultural bank that has since 2019 established itself as an investor in a small selection of start-ups focused on agricultural technology...
...“It is true that we are trying to gather talent but the reality is that I’m the only one who has been hired so far,” said Kita, a former money manager at Japanese agricultural lender Norinchukin Bank....
...While TDR’s investors include large US pension funds such as the Pennsylvania State Employees’ Retirement System and Japan’s Norinchukin Bank, there is also a cohort of “family and friends” who pay lower...
...Bank....
...Shares move pretty much in lockstep with the nation’s other big three banks. Japan’s Norinchukin, meanwhile, has given the raciest Wall Street banks a run for their money — though not in a good way....
...Norinchukin Bank, the Japanese agricultural lender that has become the world’s largest holder of collateralised-loan obligations, has called time on its buying spree, raising questions over the outlook for...
...(Bloomberg) Buyer beware The risky US market for collateralised loan obligations has long been supported by Norinchukin Bank, a Japanese institution investing overseas on behalf of the country’s yield-starved...
...Thus Norinchukin, the agricultural bank, became the world’s largest holder of dollar collateralised loan obligations. Smaller banks, such as Shizuoka, have jumped in too....
...The start of Japan’s new financial year, on April 1, will see Masataka Miyazono, a former Norinchukin Bank executive, installed as the head of the GPIF. He will appoint the new CIO....
...Norinchukin Bank, which manages the savings of Japan’s farmers and fisherman, has poured more than Y8tn ($74bn) into them....
...Mr Smith’s closing remarks that corporate default rates would need to be “several times higher than at any time in modern history” for Norinchukin Bank’s triple-A rated CLOs to suffer losses is particularly...
...That’s because Norinchukin Bank, a Japanese agricultural lender, has spent the past 18 months gorging on collateralised-loan obligations....
...Bank, Japan’s largest agricultural lender....
...Among the most striking examples of a yield-seeking strategy has been that of Norinchukin, a low-key bank that manages the savings of Japan’s farmers and fishermen....
...The return of large Japanese players like Norinchukin Bank to the CLO market has boosted issuance in recent weeks....
...“Nochu is the only [Japanese bank] buying right now,” says one European CLO manager. A Norinchukin spokesman said the bank does not comment on specific products or markets....
...Robert Smith and Leo Lewis’s deep dive into the wild world of Japan’s Norinchukin Bank is essential reading for anyone trying to understand the capital flows powering the leveraged loan boom, which has underpinned...
...The banks targeted by the suits are Bank of America, Bank of Tokyo-Mitsubishi UFJ, Barclays, Citigroup, Credit Suisse, Deutsche Bank, HSBC, JPMorgan Chase, Lloyds Banking Group, Norinchukin Bank, Portigon...
...The world’s largest pension fund named as its new head Norihiro Takahashi — at 58, a career-long executive involved in asset management at the opaquely-run Norinchukin agricultural bank....
...For most of his career, Mr Takahashi worked at Norinchukin agricultural bank, sometimes referred to as Japan’s largest hedge fund....
...Joining from Norinchukin Bank, he was chosen precisely because he had been responsible for a similar diversification at the lender formed by Japanese agricultural, forestry and fisheries co-operatives....
...and Norinchukin Bank....
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