TOKYO — Japanese life insurance group Dai-ichi Life Holdings will make U.K.-based hedge fund Capula Investment Management an equity-method affiliate, looking to tap the company’s bond investment expertise amid market turbulence.
Subsidi Dai-ichi Life Insurance acquired Capula shares from trading house Mitsubishi Corp. in 2018 and now holds just under a 5% stake. It plans to acquire an additional 10%-plus interest as soon as this month for an undisclosed sum, bringing its stake to 15%.
