Monthly Archives: January 2017

Pooled pensions giant Mitsubishi UFJ T&B set to sue Toshiba

In what could prove to be a one-shot wonder or the start of something meaningful in corporate governance, Mitsubishi UFJ Trust & Banking is preparing to sue Toshiba for “1 billion yen in damages on behalf of its client pension … Continue reading

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Panasonic’s low bid for PanaHome: Stewardship fan GPIF silent

Excellent Financial Times story headlined Japan pension fund in spotlight over takeover rift addresses the silence which the Government Pension Investment Fund is maintaining about the low price at which Panasonic is offering to acquire the 46% of PanaHome it … Continue reading

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GPIF creates prize to advance pensions management thinking

GPIF has instituted a prize to recognise the young academic researcher who it judges to have contributed most to advancing methods of pensions management. The first award will be made on the basis of papers published after April 2011 and … Continue reading

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Japan-invested AMP infrastructure platform closes at US$2.4bn

AMP Capital global infrastructure platform has closed at a final US$2.4bn with commitments from institutional investors in Japan, UK, US, Canada, Belgium, Denmark, Middle East, Ireland Spain and Finland as well as Australia., AMP’s home base, according to I&PE Real … Continue reading

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Mitsubishi selling TorreyCove stake to firm’s executives: report

Four managing directors of San Diego-based private equity consultant TorreyCove have entered into an agreement to buy Mitsubishi Corp’s 80% stake in the firm, according to Pensions & Investments citing an email from TorreyCove president David Fann. The giant Japanese … Continue reading

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Muddled reporting on likely DC plans’ custody services merger

Both Kyodo News and the Nikkei report that Mizuho Financial Group and Sumitomo Mitsui Trust Holdings are contemplating a merger of their custody businesses with talks focused on the Trust & Custody Services Bank, in which Mizuho holds a 54% … Continue reading

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UK Prudential’s M&G unit invests in Kanagawa logistics hub

The UK’s M&G Real Estate has bought a site in Tokyo’s neighbouring Kanagawa prefecture  for “development of a 11.8bn yen, four-storey logistics hub”, according to I&PE Real Estate. It is not clear whether the amount is that paid for the … Continue reading

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Pension Fund Association’s annual fact feast published early

The just-published results of the Pension Funds Association’s latest annual survey of its members’ investment activities provide the best possible complement to Nomura Research Institute’s yearly poll of how asset managers see the outlook for their industry which appeared just … Continue reading

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Latest Pension Fund Association mangers’ roster published

The list of firms with mandates from the Pension Fund Association at 31 March 2016 has been published and a translated version posted under ‘The Giants’ tab.  The roster if very much the same as last year except for the … Continue reading

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Government Pension Investment Fund + Nikkei + Nomura = leak

The propaganda machine at the Government Pension Investment Fund appears to be cranking up for a busy year in which GPIF hopes to start managing more money inhouse. After suffering criticism for the fall in the value of its portfolio … Continue reading

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