Japan's Nippon Life eyeing foreign boutique bond managers for acquisitions

Japan's Nippon Life eyeing foreign boutique bond managers for acquisitions

Nippon Life Insurance Co's President Yoshinobu Tsutsui speaks during an interview with Reuters in Tokyo, Japan, December 27, 2017. REUTERS/Toru Hanai

Japan’s Nippon Life Insurance Co, which recently struck a deal to buy about a quarter of U.S. investment firm TCW Group, is scouting for opportunities to buy boutique managers of bonds and alternative assets, its president said.

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