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NY Life investment arm steps up Japan private-asset push

Nikkei Asia reporting 5 sentences analyzed 497 captured characters

Tokyo team to double to about 20 as Japanese investors diversifying beyond bonds

Competition is intensifying among global alternatives managers seeking a share of Japan's growing private asset market. (Screenshot from New York Life Invest Management's website)

TOKYO -- New York Life Insurance's asset management arm is stepping up its push into Japan's private asset market, joining other global money managers betting that Japanese investors will increase allocations to alternative investments.

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