Regulators Friday closed Tokyo's AIJ Investment Advisors, who said they can't account for a large percentage of the 183 billion yen invested on behalf of companies including manufacturers of industrial robots and microchip-testing equipment.
By BenefitsPro staff|February 24, 2012 at 08:28 AM
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The government entity regulating Japan’s finances shut down the operations of a money-management company that has misplaced some $2.3 billion in pension fund assets, according to the Wall Street Journal.
Regulators Friday closed Tokyo’s AIJ Investment Advisors, who said they can’t account for a large percentage of the 183 billion yen invested on behalf of companies including manufacturers of industrial robots and microchip-testing equipment.
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