Bermuda has been named by Japan as it seeks to find corporate pension assets that have “disappeared”.AIJ Investment Advisors Co is believed to have channelled about 200 billion yen, some $2.48 billion, of corporate pension assets in custody into private investment trusts in the Cayman Islands, making it difficult to track the missing funds, Reuters reported, citing the Nikkei.Japan’s financial regulator on Friday temporarily shut AIJ on suspicion it may have hidden losses in some $2.6 billion in pension funds it managed.Reuters reported that the Securities and Exchange Surveillance Commission (SESC) suspected that the Tokyo-based investment advisory firm may have used the tax haven to hide information on its investments.AIJ registered three investment trusts there, the Nikkei said.It was reported that pending the results of the SESC’s investigation, the Financial Services Agency plans to rescind AIJ’s registration.About 90 percent of the corporate pension assets managed by AIJ have disappeared, the daily said.AIJ, after signing discretionary investment agreements with the corporate pension funds that worked with it, had the money put into the Cayman Islands investment trusts, the daily said. AIJ is believed to have instructed that the money, once put into the investment trusts, be managed via a British-affiliated bank in Bermuda.The bank was not named.