{"id":8165,"date":"2008-07-22T00:00:00","date_gmt":"2008-07-22T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"nippon-life-to-take-stake-in-russell","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2008\/nippon-life-to-take-stake-in-russell.html","title":{"rendered":"Nippon Life to take stake in Russell"},"content":{"rendered":"<p> Reuters Tokyo- Japan&#8217;s Nippon Life Insurance plans to invest about 30 billion yen ($282 million) in Russell Investments and form a business alliance with the U.S. investment and index group, sources familiar with the matter said.<\/p>\n<p> Nippon Life, Japan&#8217;s top life insurer with about 46 trillion yen of assets, hopes the tie-up will help it bolster its ability to manage a broader range of assets including emerging market shares, the sources said, speaking on condition of anonymity.<\/p>\n<p> Russell Investments is headquartered in Tacoma, Washington, and is a subsidiary of Northwestern Mutual Life Insurance Co. It had $211 billion of assets under management as of June 30, according to its website.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.forbes.com\/reuters\/feeds\/reuters\/2008\/07\/22\/2008-07-22T061959Z_01_T267135_RTRIDST_0_NIPPON-LIFE-RUSSELL-UPDATE-1.html\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters Tokyo- Japan&#8217;s Nippon Life Insurance plans to invest about 30 billion yen ($282 million) in Russell Investments and form a business alliance with the U.S. investment and index group, sources familiar with the matter said. Nippon Life, Japan&#8217;s top [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1206,803,276,628,117,1629,1092,149,1628],"class_list":["post-8165","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-25m","tag-external-managers","tag-fourth-quarter","tag-index-fund","tag-investment-arm","tag-investor-relations","tag-plunge","tag-proceeds","tag-samsung-life-insurance"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8165"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8165\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}