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Nippon Life Insurance Co., the nation’s biggest life insurer, may post a 10 percent return on hedge-fund investments this year as it shifts to strategies better suited to a market recovery.

The insurer, with ¥44 trillion in assets and about ¥100 billion in hedge funds in the fiscal year that ended March 31, may increase investments in so-called long-short and global macro funds, said Hideya Sadanaga, deputy general manager of the company’s Credit & Alternative Investment Department. A 10 percent gain in the calendar year would nearly reverse an investment loss of about 15 percent last fiscal year.

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