Monthly Archives: December 2013

Abénomics — adventures in the land of saying-will-make-it-so

From its start Abénomics has been a collection of pre-existing ideas brought together for re-launch with each takeoff adding to the momentum created by the one before until there is enough confidence in the economy to make growth self-sustaining. Describing … Continue reading

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It’s astounding: GPIF announces award of mandate

Japan’s Government Pension Investment Fund (GPIF), the world’s largest institutional investor, has for the first time announced the award of a mandate. The statement on the Fund’s web gives no amount. It simply notes the appointment of Wellington International Management Company Pte Ltd … Continue reading

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AIJ’s Asakawa gets 15 years, Takahashi and Nishimura 7 years

A year and one week after the trial of Kazhiko Asakawa, founder of AIJ Investment Management Advisors, opened with him saying ‘I am very sorry I did such a foolish thing‘, it has closed with a 15-year prison sentence and judge Akiro Ando noting … Continue reading

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Average government pensions mandate hits record US$34.2bn

At just 214 the number of Government Pension Investment Fund mandates in issue to member firms of the Japan Investment Advisors’ Association (JIAA) at the financial half-year close on 30 September was the lowest since March 1996, but their average … Continue reading

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Update on possibilities for change at GPIF

The posting Change and its opposing forces at the world’s biggest investor (next but one below) pointed to three factors that will be decisive in whether or not the Government Pension Investment Fund implements the recent recommendations of a  panel which reviewed its investment and … Continue reading

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Hitachi Ltd still has Japan’s biggest corporate pension fund

With assets of 812.92 billion yen, the pension fund of Hitachi Ltd remained Japan’s biggest corporate scheme by far for the financial year ending 31 March 2013. The term also saw double-digit returns for many funds as the Nikkei 225 … Continue reading

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