Monthly Archives: July 2016

GPIF behemoth seeks to harness the power of consultation

The Government Pension Investment Fund is embarking on two consultation initiatives designed to strengthen the part GPIF plays in the investment chain and, through interactions with other players, help set the Japanese economy on a path to sustainable growth. The … Continue reading

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Municipalities get 6 managers for active equities, 2 for passive

The National Federation of Mutual Aid Associations for Municipal Personnel, often known as Shichousonren, has announced the selection of the following firms to manage its active domestic equities portfolio for which the benchmark is the TOPIX index (including dividends). Capital … Continue reading

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GPIF to publish list of equities held a year ago as ‘first step’

According to an article in the Yomiuri Shimbun when the Government Pension Investment Fund publishes it annual report for the year to 31 March 2016 on Friday of this week it will also make available a full list of its … Continue reading

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2016 top 25 pensions managers: assets up, mandates down

Japanese defined-benefit pension assets under discretionary management at the country’s local and foreign fund firms stood at 118,611 billion yen [then US$1,055.26bn) at the year end on 31 March, 2.4% up on 12 months previously, while the number of mandates … Continue reading

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GPIF goes ESG for part of its domestic equities portfolio

Update: 5 August 2016. GPIF has just published an English-language version of its call (see below) for submissions to provide the Fund with ESG indices. _____________________________________________________________ The Government Pension Investment Fund is planning to run a portion of its domestic … Continue reading

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Golden moment for debt markets innovation + GPIF leadership

With the Diet Upper House election out of the way, two developments are now expected by 29 July: publication of the Government Pension Investment Fund’s annual investment review and the announcement of an economic stimulus package. Will the two prove … Continue reading

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GPIF looks at limited partnerships for infrastructure investment

“The legal framework regulating GPIF’s investments might be changed to allow greater flexibility in managing the fund. Alternative asset investments are currently organised on a unit trust basis, but the government is discussing possible regulatory amendments to GPIF’s existing framework … Continue reading

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Chikyoren appoints JPMorgan & UBS for foreign property push

The National Pension Fund Association for Local Government Officials, usually known as Chikyoren, has given more heft to its push into real assets with the award of a foreign property mandate to UBS Asset Management and an overseas infrastructure mandate … Continue reading

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Banks let investors in on aircraft leasing act – at last

Sumitomo Mitsui Trust Bank and Novus Aviation Capital are offering Japanese institutional investors participation in a US$200 million fund from their jointly owned Ortus Aircraft Leasing subsidiary. The move is a significant development in a field where Japan’s giant banking … Continue reading

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Brokers in search of a story spin GPIF’s intentions – yet again

Where would Japanese stockbrokers be without the Government Pension Investment Fund? Whether the market goes up, down or sideways it is always a signal that GPIF will start large-scale buying soon. In the latest example staff from Morgan Stanley MUFG … Continue reading

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