Monthly Archives: February 2017

Pooled pensions business stays where it has long been

The league tables of life insurers and trust banks managing pension funds’ investments in pooled accounts and tokkin, where newcomers would find significant barriers to entry, remained very much the same at the end of the financial year on 31 … Continue reading

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Mitsui to market US real estate & infrastructure funds in Japan

Giant trading firm Mitsui & Co is to enter a “strategic partnership” with Los Angeles-based CIM Group LLC that will see it “strongly supporting [the] marketing of CIM’s funds to the Japanese market through Japan Alternative Investment Co, a wholly-owned … Continue reading

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Postal institutions send proceeds from maturing JGBs abroad

The just published third quarter results of Japan Post Bank show its holdings of Japanese government bonds to account for only 35.3% of its portfolio, down from 37.7% at the close of the second quarter on 30 September and from … Continue reading

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Softbank to buy private equity giant Fortress at huge premium

Japanese conglomerate Softbank is set to buy America’s Fortress Investment Group for US$3.3 billion – a $1 billion premium over the company’s stockmarket value. The extent to which the deal will help domestic institutions invest in non-public assets held outside … Continue reading

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Cohabitation comes to pooled & segregated pensions ops

When Sumitomo Mitsui Trust Holdings issued its statement Regarding the Policy for Enhancement of the Conflict of Interest Management Structure relating to the Asset Management Operations … on 31 January the announcement ran to four pages of thoughtful prose and … Continue reading

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Defined-benefit pensions retain lead over defined-contribution

Defined-benefit pension funds have lost none of their investment clout in the past 12 months despite attracting little attention beyond the highly specialised media as they have gone about their business of trying to secure comfortable retirements for ordinary men … Continue reading

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GPIF absent from second government leak on Abe-Trump talks

Yesterday’s Nikkei report that the Government Pension Investment Fund will invest trillions of yen in US infrastructure, as part of a plan which Prime Minister Abe will put US President Trump at their meeting on 10 February (see posting immediately … Continue reading

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GPIF to invest ¥ trillions in US infrastructure says Nikkei

“Infrastructure investments in the U.S. by Japan’s Government Pension Investment Fund will feature heavily in the economic cooperation package to be discussed at next week’s summit in Washington between the two countries’ leaders”, according to a report in the Nikkei … Continue reading

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GPIF makes appointment to new post of head of real estate

The Government Pension Investment Fund has appointed Hideo Yamada to the post of head of real estate, according to Asterisk Realty and Placement Agency. Mr Yamada is well known in Europe and the UK where he headed Mistui Fudosan’s operations … Continue reading

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GPIF publishes report on its stewardship activity during 2016

The Government Pension Investment Fund had published a 28-page report on its stewardship activity during 2016 – but only in Japanese. It is the first item here.  

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