Monthly Archives: July 2017

Sumitomo Mitsui Trust: sokanji, stewardship and restructuring

Sumitomo Mitsui Trust Holdings plans to combine the asset management operations of Sumitomo Mitsui Trust Bank and Sumitomo Mitsui Trust Asset Management Co during the financial year beginning 31 March 2018, according to an announcement from the company issued at … Continue reading

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Infrastructure: the definitions and the public interest questions

An article in I&PE Real Estate asks what characteristics will come to define ‘infrastructure’ investment given the shortage of assets for the class and the granting in April by the New South Wales state government of a 35-year lease to … Continue reading

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Chikyoren awards overseas real estate, infrastucture mandates

The 23 trillion yen Pension Fund Association for Local Government Officials has awarded a mandate to manage overseas real estate investments to Invesco Asset Management and another to manage overseas infrastructure investments to Tokio Marine Asset Management according to a brief … Continue reading

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Alternatives and smart beta gaining ground say consultants

Pension funds continue to hold more in alternatives than do other types of investor and last year accounted for a third of the US$1,330.8 billion of such investments under external management, according to Willis Towers Watson’s annual study of the … Continue reading

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Pensions quit bonds for alternatives & pooled JP Morgan finds

As Japanese defined-benefit pension funds tip-toe their way across a low returns minefield seeded with opportunities which could just as easily blow up as blossom, they are increasingly favouring allocations to ‘alternatives’ and ‘general accounts’, this year’s poll by JP … Continue reading

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GPIF’s buoyant returns on equities boost assets to record level

The Government Pension Investment Fund made a return of 5.86% in the year to 31 March, enjoying investment income of 7,936.3 billion yen that helped to bring its assets to a record 144,903.4bn yen, its just-published summary results show. The … Continue reading

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GPIF goes ESG, misses point on own stewardship

The Government Pension Investment Fund had by the end of June committed 1 trillion yen of 3 trillion yen which it plans to invest over the next three to five years in about 300 “companies with strong governance that protect … Continue reading

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