GPIF looks for foreign equities managers – only in Japanese

The foreign equities mandates awarded by the Government Pension Investment Fund three years ago appear to be entering a review/renew phase and GPIF may be taking the opportunity to consider expanding its allocation to developed-country stocks.

An announcement, in Japanese only, on the Fund’s web site gives the contact as u.unkan@gpif.go.jp. Application forms are at the same location. The deadline is 15 August. 

The benchmark against which new or refreshed mandates will be measured is the MSCI Kokusai index.

For a full list of who currently manages what for GPIF and how its portfolio was divided at 31 March 2011 see “the Giants” section of this blog. Its annual report typically appears in October.  

The Fund said recently that it is seeking to reduce the number of firms with which it deals.

© 2012 Japan Pensions Industry Database/Jo McBride. Reporting on, and analysis of, the secretive business of Japanese institutional investment takes commitment, money and time. This blog is one of the products of such commitment. It may nonetheless be reproduced or used as a source without charge so long as (but only so long as) the use is credited to www.ijapicap.com.

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