Japan's Dai-ichi Life to boost stake in UK hedge fund Capula

Japan's Dai-ichi Life to boost stake in UK hedge fund Capula

TOKYO -- Japanese life insurance group Dai-ichi Life Holdings will make U.K.-based hedge fund Capula Investment Management an equity-method affiliate,

The Japanese insurer's participation in the alternative manager's capital will reach 15% post-transaction.

Dai-ichi Life to raise stake in UK asset manager Capula to 15%

Japan’s Dai-ichi Life has announced plans to acquire additional stake in UK-based hedge fund Capula Investment Management and Capula Management (together called Capula), increasing its total ownership to 15%. The Dai-ichi Life Insurance Company, a subsidiary of Dai-ichi Life, currently holds a 4.7% share in the UK alternative asset manager. This move is part of the Tokyo-based life insurer’s strategy to bolster its capacity to manage non-traditi…