The Government Pension Investment Fund is scrutinising bonuses paid to employees by fund management firms in an effort to “understand the link between current remuneration structures and performance”, according to a Financial Times story quoting GPIF chief investment officer Hiro Mizuno speaking in London.
In recent times the Fund has put some welcome effort into communicating its actions and policies to the Japanese public, whose money it manages, by appointing public relations staff, broadcasting the press conferences for its quarterly results on Youtube and creating its own Twitter feed.
However, the recent announcement is the second made in London (see archive 2017-6-8 GPIF’s Mizuno “not satisfied” with asset managers’ governance) and not made available on the Fund’s web site or through any of its other channels.
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This blog would not exist without the help and humour of Diane Stormont, 1959-2012