Japan’s Dai-ichi Life expands investment in UK hedge fund Capula to 15%

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Dai-ichi Life Holdings (OTCPK:DCNSF) (OTCPK:DLICY) said on Monday that it plans to make an additional investment in UK-based Capula Investment Management, aiming to strengthen its ability to oversee non-traditional assets.
The Tokyo-based insurer’s total stake in Capula will increase to approximately 15%, including an existing 5% held through its subsidiary, Dai-ichi Life Insurance Co, it said in a statement.
With this expanded investment, Dai-ichi Life will designate Capula as an affiliate and appoint a director to the bond-focused hedge fund.