The $1.2 trillion state pension fund hires eight firms to manage overseas stocks, and is finalising domestic equity mandates. It comes after record losses in domestic bonds.
Tag : gpif
Unless Japanese pension funds start investing in the domestic equity market, participants should expect a reversal, says Robeco CIO Arnout van Rijn.
The $1.3 trillion pension fund is raising allocations to global equities and bonds. Its director-general of research, Tokihiko Shimizu, discusses its outlook on emerging markets and alternative and private investments.
With the yen expected to cease its inexorable rise, retirement plans in Japan may finally look abroad for yield. That will please foreign fund houses.
Brightrust, a Japanese private equity specialist, says it wants outside ideas on helping Japan’s pension giant to handle alternatives.
Nobusuke Tamaki, a former official at Bank of Japan and Government Investment Pension Fund, says government bonds may not be as safe as believed.
Japan’s $1.3 trillion Government Pension Investment Fund reports FYQ3 gains from international equities even as it delays moving into emerging markets.
BlackRock, Morgan Stanley, Northern Trust and Sumitomo Trust & Banking all saw big drops in the assets they manage for the $1.46 trillion Government Pension Investment Fund in the last fiscal year.
The trust bank now ranks as the third-largest manager of Japanese pension money, behind Sumitomo and Barclays Global Investors.
The trust bank has shot to the top in Japan as pension funds de-risk into passive mandates.
The largest pension fund in the world, JapanÆs GPIF, has adopted a broader benchmark for international fixed income.