Pension Fund Association (PFA) Japan manages over US $110 billion in assets for pension clients. Larry Cao, CFA, sits down with Daisuke Hamaguchi, CIO of PFA, to discuss how his organization approaches multi-asset strategies. Hamaguchi shares his perspectives on measuring risk properly, using funding status to assess risk, and managing dynamic asset allocation using a market-agnostic approach. He also highlights his firm’s experience with quantitative factor risk strategies.

The Take 15 Series is a series of short interviews with leading practitioners on timely topics focused on the investment profession.