Major Japanese university to avoid alternative assets in $3bn endowment

Science Tokyo will stick with stocks and bonds amid private credit jitters Institute of Science Tokyo will split its endowment portfolio evenly among domestic and foreign stocks and bonds. (Nikkei composite) TOKYO — The Institute of Science Tokyo will set up an endowment fund that aims to achieve a 5% annual return from a portfolio of traditional assets, planning to eventually reach 500 billion yen ($3.18 billion) in assets under management.

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