Monthly Archives: August 2016

GPIF looks to ride out downturns, others want it to quell them

Investment returns in the first quarter of 2016/17 at the Government Pension Investment Fund were roughly in line with their various  benchmarks with domestic bonds up 1.91%, Japanese equities down 7.38%, international bonds down 8.02% and foreign equities off by … Continue reading

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Pimco heads Government Pension Investment Fund fees list

The world’s largest institutional investor paid more in asset management fees to Pimco Japan in the year ended 31 March 2016 than to any other external manager – and for just two mandates An analysis of the Government Pension Investment … Continue reading

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Post Insurance and Post Bank portfolios barely budge in Q1

The value and disposition of Japan Post Bank’s and Japan Post Insurance’s investment portfolios barely budged in the first quartet of the 2016~2017 financial year as shown below.           According to a subsequent Bloomberg story quoting … Continue reading

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General insurers follow life cos into cash and foreign securities

At 23.1 trillion yen the value  of Japanese general insurance companies’ securities holdings were 1.9% lower at 31 March 2016 than a year earlier, according to their industry body.  Over the same period the amount they held in bank deposits … Continue reading

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Chikyosai report provides no support for whales’ stock buying

The pension fund of the Mutual Aid Association of Prefectural Government Personnel (地方職員共済組合) had investments assets of 2,437 billion yen at the end of the financial year on 31 March, its newly published annual investment report of reveals. Usually known … Continue reading

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Robots only running to stand still – new businesses needed

Japan’s dire demographics dictate that the country’s workforce is set to shrink for decades to come which, in turn, means its companies will need to produce spectacular productivity gains every year simply to maintain their current level of output. While … Continue reading

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Invisible man espies Japan Post Bank mandate awards yet gain

According to US publication Pensions & Investments ‘Japan Post Bank has selected Goldman Sachs Asset Management, UBS Asset Management and Blackstone Group to manage its first hedge fund-of-funds allocations, according to sources who declined to be named’. ‘A Japan Post … Continue reading

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Insurance better buffer against crises than cross shareholdings

Hands-on risk-management by senior company executives who are also skilled in acquiring appropriate insurance cover provides a better buffer against crisis than maintaining cross shareholdings with friendly firms and counting on them to ride to the rescue, says a newly … Continue reading

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PFA slimmed down by markets and pensions payouts

At -2.5% the Pension Fund Association’s return for the year ending 31 March 2016 on its 11.7 trillion yen of assets was the worst for six years, a just-published preliminary version of its annual report reveals. The Association manages the … Continue reading

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