GPIF adding more firms to its transition managers roster

The Government Pension Investment fund is seeking an additional transition manager for the 21.98 trillion yen overseas bond portion of its 156.81tr yen portfolio according to an announcement — so far in Japanese only — on its web site.

The appointee will join BlackRock Japan which was appointed to similar duties in April 2015 (See archive 2015-4-3).

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Separately, GPIF announced it had hired Russell Investments Implementation Services LLC, via Russell Investments Japan, as a transition manager for domestic equities and for foreign equities BlackRock Asset Management North Asia, via BlackRock Japan.

The former joins Nomura Asset Management and BlackRock Japan Co Ltd (again with BlackRock Asset Management North Asia as “subcontractor”), also in place since April 2015, while the latter will be alongside Russell Investment Japan (with Russell Implementation Services Inc as subcontractor) appointed at the same date.

© 2017 Japan Pensions Industry Database/Jo McBride. Reporting on, and analysis of, the secretive business of Japanese institutional investment takes big commitments of money and time. This blog is one of the products of such commitment. It may nonetheless be reproduced or used as a source without charge so long as (but only so long as) the use is credited to and a link provided to the original text on that site.

This blog would not exist without the help and humour of Diane Stormont, 1959-2012

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